Standard Drilling takes over Volstad PSV trio
Friday, Feb 10, 2017
Reference is made to the stock exchange release as of 19 January 2017, where the Company published the acquisition of three (3) large Norwegian built Platform Supply Vessels ("Vessels") for a en-bloc consideration of USD 40 million.

On 8 February the transaction was completed and S.D Standard Drilling, through subsidiaries, took delivery of the Vessels.

Following the completion of acquisition of Vessels the Company owns 100% of three (3) large-size PSVs and has invested in additional 13 mid-size PSVs, bringing the total fleet of partly and/or fully owned vessels up to 16 PSVs.

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