Subsea 7 has a fleet of remotely operated vehicles, four pipeline construction yards and 14 ships capable of deepwater subsea construction and saturation diving.
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Halliburton Hurries To Get Rid Of Its Stake
The company expects the deal closed by Jan. 7
Halliburton Co., the U.S. oilfield services company will sell its 50 percent stake in Subsea 7 Inc. to joint venture partner Siem Offshore for $200 million.
The company expects the deal closed by Jan. 7, subject to the buyer's financing of the purchase price and regulatory approvals. Halliburton will post a $115 million pretax gain on the sale.
Subsea 7 is an international subsea engineering contractor for offshore oil and gas developments. The company has offshore operations supported out of Britain, Norway, the Middle East, West Africa, Singapore, Australia, Brazil, the United States and the Caspian Sea and employs 3,000 people worldwide.
Subsea 7 has a fleet of remotely operated vehicles, four pipeline construction yards and 14 ships capable of deepwater subsea construction and saturation diving.
Subsea 7 has a fleet of remotely operated vehicles, four pipeline construction yards and 14 ships capable of deepwater subsea construction and saturation diving.
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