FRED OLSEN ENERGY
Fred Olsen Energy profits slide
07 May 2014 07:50 GMT
FOE takes drillship delivery
21 February 2014 09:05 GMT
FOE sinks on bottom line
11 February 2014 10:08 GMT
26 June 2014 08:04 GMT
The drilling contractor said that the new six-year bank credit facility would also be used to repay an existing bank loan as well as general corporate purposes.
The facility is being offered by a group of international banks and GIEK/Eksportkreditt; with Nordea, ING, ABN Amro, Danske Bank, DNB, Handelsbanken, SEB and Swedbank as mandated lead arrangers.
Earlier this year, the company revealed that the delivery date for the Bollsta Dolphin had slipped by two quarters from the initial timeline to the third quarter of 2015.
The semisub is bound for the West of Shetland region off the UK, where it will start a five-year charter with US supermajor Chevron in the fourth quarter of next year at a dayrate of $560,000.
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