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HitecVision acquires Deep Sea Mooring

HitecVision is pleased to announce the acquisition of 100% of Deep Sea Mooring. Deep Sea Mooring is a significant provider of rented mooring equipment, pre-lay mooring solutions and ancillary services to E&P companies and drilling rig operators on the Norwegian Continental Shelf.

Deep Sea Mooring is a subsidiary of Odfjell Drilling, a privately owned international drilling contractor. The company was established by Odfjell in 2008 as an in-house mooring service company. The company is today one of three providers of mooring rental equipment, pre-lay mooring solutions and ancillary services to E&P companies and drilling contractors operating on the Norwegian Continental Shelf. DSM has an estimated 25 market share of the NCS mooring equipment rentals market. The company serves the market through its locations in Mongstad and Kristiansund, Norway.