Early April N-Sea Group announced that they have entered into an agreement to acquire the Dutch flagged vessel Geosea, a multipurpose support vessel, for an undisclosed sum.
The vessel has been under management by N-Sea on a long-term vessel agreement with DOF Subsea Rederi AS for the last few years and has worked since then for the Royal Dutch Navy, on a long-term charter.
The Geosea is a modern DP2 Multipurpose Support Vessel, designed for safe and efficient offshore operations. The vessel can provide a broad range of offshore project support activities.
With the acquisition N-Sea strengthens its footprint and position in the subsea service industry, following the expansion of the offshore oil & gas and offshore wind markets.