US energy firm Helix has completed the £88million sale of its pipelaying vessel Caesar to Tevaskis – and expects to sell its other vessel by next month.
The Houston-based company completed the deal after receiving the final $108million payment for the ship, having previously received a $30million cash deposit last October.
Helix said they expect to close a deal to sel their other pipelay vessel, the Express, in July.
“The sale of the Caesar is another important milestone in our strategy to exit our non-core businesses while remaining focused on enhancing and expanding our core well intervention and robotics businesses,” said
Helix president and CEO Owen Kratz.
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