Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/teekay-offshore-acquires-alp-maritime-services-and.shtmlTeekay Offshore acquires ALP Maritime Services and orders four long-haul towage newbuildings
Teekay Offshore Partners L.P. has agreed to acquire ALP Maritime Services B.V. (ALP), a Netherlands-based provider of
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Teekay Offshore Partners L.P. has agreed to acquire ALP Maritime Services B.V. (ALP), a Netherlands-based provider of long-haul ocean towage and offshore installation services to the global offshore oil and gas industry. ALP currently provides these services through a fleet of third-party owned vessels. As part of the transaction, Teekay Offshore and ALP have ordered four state-of-the-art towing and anchor handling vessel newbuildings, which will be capable of ultra-long distance towing, offshore installation and decommissioning of large floating production, storage and offloading (FPSO) units, floating liquefied natural gas (FLNG) units and floating drill rigs.
Transaction Summary
◾ Teekay Offshore and ALP have entered into an agreement with Niigata Shipbuilding & Repair of Japan for the construction of four state-of-the-art SX-157 Ulstein Design ultra-long distance towing and anchor handling vessel newbuildings, which will be equipped with dynamic positioning capability, for a fully built-up cost of approximately $260 million, which includes the cost of acquiring ALP.
