The move to buy out equity in the STX Norway Floro and STX Norway Floro Design units is aimed at boosting Westcon’s capacity ahead of an expected rush of additional rig upgrade work in the coming years, deputy chief executive Arne Birkeland told Upstream.
"This potential transaction would give us more in our toolbox to offer to potential clients and give us increasing flexibility, as well as strengthen our competitive position,” he said.
Birkeland
