"Standard Provider" solgt til Rhode Nilsen, blir "Grane R"

Refvik

Administrator
Staff member
S.D. Standard Drilling Plc. (the "Company") has entered into a Memorandum of Agreement ("MOA") to sell Standard Provider, one (1) large Norwegian built Platform Supply Vessels ("PSV") through its wholly owned Norwegian subsidiary Standard Provider AS.

Through its wholly owned subsidiary Standard Provider AS, S.D. Standard Drilling Plc, has agreed to sell ("Transaction") one (1) UT 776 CD PSV vessel Standard Provider ( "Vessel") for USD 13.5 million. The Vessel is a large PSV, built at STX Brevik, Norway, in 2010, with 1,000m2 deck space. Standard Provider AS has received a 10% deposit of the purchase price. The Transaction is expected to be completed within October 2019.

Following the sale, the Company will control, directly and indirectly, a fleet of 14 PSVs ; five (5) large PSVs 100% owned and nine (9) medium-sized PSVs with approximately 26% ownership interest, including one vessel on a bare boat contract. The sale will further strengthen the Company's cash balance.

"We are pleased with the sale of the Standard Provider. The transaction will increase our cash balance significantly. As repeatedly communicated, our company will take advantage of the opportunities that may appear within the market we operate. This also includes sale of vessels. Standard Provider was acquired for USD 11.1 million. The profit, excluding fair value adjustments, will be approximately USD 3 million including the result of the operation of the Vessel. By selling Standard Provider we have also reduced forward capital expenditures commitment due to the fact that the Vessel have 10 year survey early next year" says Martin Nes, Chairman of the Company.

Following completion of the Transaction, the Company will have a pro forma cash holding of approximately USD 41 million. This includes pro-rata cash held by S.D Standard Drilling Plc, subsidiaries and investments.

No agreements have been entered into that are for the benefit of members of the management or board of directors of neither the Company nor Standard Provider AS in connection with the sale of the Vessel.

This stock exchange notice is published in accordance with the requirements for detailed stock exchange announcements pursuant to section 3.4 of the Continuing Obligations for companies listed on Oslo Axess.
 
Through its wholly owned subsidiary Standard Provider AS, S.D. Standard Drilling Plc, has agreed to sell ("Transaction") one (1) UT 776 CD PSV vessel Standard Provider ( "Vessel") for USD 13.5 million. The Vessel is a large PSV, built at STX Brevik, Norway, in 2010, with 1,000m2 deck space. Standard Provider AS has received a 10% deposit of the purchase price. The Transaction is expected to be completed within October 2019

"Standard Provider" solgt til danske Rhode Nilsen A/S
 
Bygg nr. 68 med overlevering 28. April 2010 ved den gang STX Norway Offshore AS Brevik, nå VARD Brevik, som "E. R. Georgina"

Skroget kom fra den gang STX RO Offshore Braila SA som bygg nr. 1125
 
S.D Standard Drillling Plc. (the "Company") has completed the sale of Standard Provider

Reference is made to the stock exchange release as of 2 October 2019, where the Company published that it had entered into a Memorandum of Agreement to sell one (1) large Norwegian built Platform Supply Vessel, Standard Provider for USD 13.5 million.

The transaction was completed today on 30 October 2019. S.D Standard Drilling Plc. has, through its subsidiary, Standard Provider AS, received the transaction amount in full.

Following the sale of Standard Provider, total cash holding of the Company is approximately USD 42.5 million. This includes pro-rata cash held by S.D Standard Drilling Plc, subsidiaries and investments.

Following the sale, the Company will control, directly and indirectly, a fleet of 14 PSVs ; five (5) large PSVs 100% owned and nine (9) medium-sized PSVs with approximately 26% ownership interest, including one vessel on a bare boat
 
New Name is GRANE R.
Rohde Nielsen also owns the former EDDA FRIGG named HEIMDAL R, used as a offshore grab dredger and stone placing vessel.

Fra Linkedin sidene til Remontowa Shiprepair Yard S.A.

#Rare #solution on #Grane #R #offshore #ship. The #retrofit project for this #multi#purposee offshore #vessel owned by Rohde Nielsen A/S was completed in September at the Remontowa Shiprepair Yard S.A. Grane R is a powerful offshore #grab #dredger and stone placing vessel capable of performing a variety of projects. The most important task was to retrofit the ship with #sponsons – the projections (buoyancy casings) from each side of the #hull, used to enhance its stability.
It is worth recalling that since the end of the 1990s Remontowa Shiprepair Yard S.A. has modernised several dozen ships in this way, but mainly Ro-Pax #ferries.

Film from Linked In "Grane R"
 
Rohde Nielsen also owns the former EDDA FRIGG named HEIMDAL R, used as a offshore grab dredger and stone placing vessel.

"Heimdal R" i Peterhead i går 28. September
HeimdalR01.jpg


HeimdalR02.jpg

Begge foto: George Saunders
 
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