Enpro Subsea Ltd.
Transactions
Hunting Acquires Enpro Subsea In All-cash Deal
Hunting Acquires Enpro Subsea In All-cash Deal
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News
Enpro Subsea Recovers Attic Oil from Shell’s Brent Bravo Platform in North Sea
Hunting Energy Services, Subsea Technologies division supporting DeepOcean has successfully completed another campaign in the North Sea on Oct. 16 using Enpro Subsea’s proven field decommissioning (F-Decom) system.
Hunting Acquires Enpro Subsea In All-cash Deal
Hunting Plc, the international energy services group, has completed the acquisition of Enpro Subsea Ltd. on Feb. 21 for a total consideration of $33 million payable on completion, plus a potential maximum earn out of $3 million based on EBITDA performance in 2020.
Subsea Sector Recovery Underway
An increase in field development sanctions and subsea tiebacks as well as better project economics are helping bring the subsea sector back to life.