Sirius Petroleum PLC Offshore Service Vessels Contract (3874C)
April 13 2017 - 1:00AM
UK Regulatory
TIDMSRSP
RNS Number : 3874C
Sirius Petroleum PLC
13 April 2017
13 April 2017
Sirius Petroleum plc
(the "Company" or "Sirius ")
Offshore Service Vessels Contract
Sirius Petroleum (AIM: SRSP), the investing company focused on
oil and gas exploration and development opportunities in Nigeria,
is pleased to announce that it has arranged for the provision of
Offshore Service Vessels ("OSVs") through Tidewater Marine
International, Inc, with the signing of an OSV Contract for a multi
well campaign as part of Sirius' shallow offshore development
strategy in Nigeria.
Tidewater Marine International, Inc are the international
technical partner to leading Nigerian marine support company T1
Marine Services Ltd who will act as Contract Principals to the
Company and have signed the OSV Contract with Sirius.
About Tidewater Marine International, Inc and T1 Marine Services
Ltd:
Tidewater Marine International, Inc is wholly owned by
NYSE-listed Tidewater Inc, ("Tidewater") the leading provider of
OSVs to the global energy industry. Tidewater has a global
footprint, with over 90 percent of its fleet working
internationally in more than 60 countries. Its services range from
supply and crew transportation, towing and anchor handling as well
as a variety of other specialised marine support services in the
offshore industry.
T1 Marine Services Ltd is a leading indigenous company offering
a wide range of marine support services focused exclusively in the
Nigerian offshore industry. T1 Marine Services Ltd owns and
operates offshore service vessels in support of all phases of
offshore oil and gas exploration, development and production.
Project Consortium Partners
T1 Marine Services Ltd joins the Project Consortium alongside
COSL, ADD Energy and Schlumberger to support the drilling programme
for the Ororo field.
Bobo Kuti, CEO of Sirius, commented:
"We are pleased to welcome T1 Marine Services Ltd as our vessels
service provider to the Ororo field alongside COSL, ADD Energy and
Schlumberger and look forward to moving into the next stage"
Frank Gibone, Director of International Sales & Marketing
Eastern Hemisphere at Tidewater Marine International, Inc,
commented:
"We are very pleased to have been selected by Sirius as their
preferred OSV provider and look forward to working in collaboration
with them and their partners in making the Ororo field development
a successful venture."
Kingsley Adudu, Managing Director of T1 Marine Services Ltd,
added:
"T1 Marine Services Ltd and its partners have one of the largest
fleets of OSVs in the global industry. We are thrilled to support
Sirius' shallow offshore strategy in Nigeria utilising our vessels
for the development and production phase of their operations."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
Enquiries:
Sirius Petroleum +44 20 3740 7640
Bobo Kuti / Jack Pryde
Cantor Fitzgerald Europe +44 20 7894 7000
Sarah Wharry / Craig Francis
Gable Communications +44 20 7193 7463
John Bick srsp@gablecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTSFLFWEFWSEIL
(END) Dow Jones Newswires
April 13, 2017 02:00 ET (06:00 GMT)
Sirius Petroleum (LSE:SRSP)
Historical Stock Chart
From Apr 2024 to May 2024
Sirius Petroleum (LSE:SRSP)
Historical Stock Chart
From May 2023 to May 2024