Stolt Offshore S.A.: Stolt Offshore S.A. to Develop Asia Pacific Presence Through Deepwater Construction Vessel Joint Venture With SapuraCrest Petroleum
5th Sep 2005, 16:32 GMT
LONDON (MARKET WIRE) Stolt Offshore S.A. (NASDAQ: SOSA) (Oslo Stock Exchange: STO) today announced it has entered into a Co-operation Agreement to establish a joint venture with SapuraCrest Petroleum, the leading Malaysian oil service company. The joint venture will take over the build and operation of the Sapura 3000, a new-build heavy lift and pipelay vessel designed to be the most advanced deepwater construction ship in the growing
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