Swedish rig specialist sold to Chinese group

Offshore staff

OSLO, Norway – Broker and investment specialist Bassoe Group has sold rig designer Bassoe Technology to CIMC Offshore.

Bassoe Technology was established by Bassoe Group in Gothenburg, Sweden in 2007. It develops concepts and basic design for floating rigs such as drillships and semisubmersibles.

CIMC is a subsidiary of the Shenzhen and Hong Kong-listed shipping and logistic group, China International Marine Containers Group (CIMC).

Bassoe Group will retain a 10% stake in the company, which will continue to operate as an independent entity with the same management team, led by managing director Helge Larsen.

Since 1987, Bassoe Group has helped found 10 start-up rig and service companies in the offshore industry. These have collectively built 21 jackups, drillships, and semisubmersibles at shipyards worldwide.

12/04/2013

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