Norway’s S.D Standard Drilling has further invested in platform supply vessels via its subsidiary, Wanax. Wanax has investing $5.215m to take a 35% stake in PSV Opportunity III DIS.
PSV Opportunity III is managed by RS Platou and has acquired two mid-size UT 755 LN design PSVs, built in 2007 and 2008, for $11.7m
The vessels will be managed by Fletcher Shipping once the transaction is complete, expected to be around January 19.
SD Standard Drilling was taken over in 2015 by Saga Tankers, which is controlled by Øystein Stray Spetalen. It was incorporated in 2010 starting out as a rig operator, then later sold all its rig building contracts and adopted a strategy of investing within the oil and gas service sector.