Shelf Subsea acquired by Norwegians

DeepOcean acquires Shelf Subsea - Drilling Contractor

DeepOcean has acquired 100 percent of the shares in Shelf Subsea, expanding its footprint into Southeast Asia, Australia, and the Middle East. Shelf Subsea will be integrated into DeepOcean and will form the company’s business region, DeepOcean APAC. The combined group will have approximately 1,800 employees and generate more than $1 billion in revenue. Similar … The post DeepOcean acquires Shelf Subsea appeared first on Drilling Contractor.

Shelf Subsea acquired by Norwegians

Osborne Park-based offshore contractor Shelf Subsea will become the Asian business of Norway-headquartered DeepOcean which acquired it for an undisclosed sum.