HFW advises on US$149 million acquisition of offshore support vessel
A team of HFW lawyers, led by Partner Paul Aston, has advised An Kang Co Ltd (BVI) on the US$149 million purchase of "Skandi Bergen", a multi-purpose DSV/ROV survey and intervention support vessel for the offshore sector.
The vessel, which is being purchased from Norwegian DOF Subsea Rederi AS, part of the DOF Subsea Group, has capacity to cover a range of offshore field operations and is equipped with 30T/10m deck crane capable of handling loads in water depths down to 1,100m and a helideck. On completion of the acquisition, the vessel will sail to the South China Sea, where it will be used to support various offshore projects.
HFW Partner Paul Aston commented, "We are delighted to have advised on this important transaction in the offshore sector. This is a quality vessel which will be used in the development of significant offshore projects in the South China Sea, and in other exploration and development projects where the client has interests."
The HFW team consisted of Partner Paul Aston and Associate Lucy Chen.