N-Sea Group has entered into an agreement to acquire the Dutch flagged vessel Geosea, a multipurpose support vessel, for an undisclosed sum. The vessel has been under management by N-Sea on a long-term vessel agreement with DOF Subsea Rederi AS for the last few years and has worked since then for the Royal Dutch Navy, on a long-term charter.
The Geosea is a modern DP2 Multipurpose Support Vessel, designed for safe and efficient offshore operations. The vessel can provide a broad range of offshore project support activities.
With the acquisition of the Geosea N-Sea is strengthen its footprint and position in the subsea service industry, following the expansion of the offshore oil & gas and offshore wind markets.
“We are proud to announce that the Geosea will soon become under the full control, ownership, and management of N-Sea, showing our continuous commitment to become the contractor of choice for survey, UXO, IRM and shallow water cable related activities, including subsea cable repairs. We thank DOF for the opportunity to acquire this vessel and the long-lasting partnership. Furthermore, by acquiring the Geosea, we can ensure the continuous support to the operations of the Royal Dutch Navy, by which we make a clear contribution to a safer and cleaner world. We are looking forward to a continuation of this valued relationship.” said Arno van Poppel (CEO).
Source: N-Sea