TechnipFMC Plc planning to sell the G1201 vessel

  • Nov 13, 2019 GMT
  • Team Kalkine
  • TechnipFMC Plc (0RMV) as part of its strategy to enhance the profile and scope of its subsea fleet, is planning to sell the G1201 vessel.
  • The company has entered into an MOA (Memorandum of Agreement) with a top class companion for pipeline completion using S-lay technology.
  • The company expects to complete the sale in last month of the year as the agreement is subject to certain conditions precedent to complete the transaction, including the delivery of the vessel in December 2019.
  • The MOA also includes partnership agreement with the buyer that would extend a five year of exclusiveness for a list of designated subsea developments in a specific area.

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