Home Cyprus Cyprus based Standard Drilling completed the sale of Standard Olympus

Cyprus based Standard Drilling completed the sale of Standard Olympus

Standard Olympus

Reference is made to the stock exchange release as of 11 June 2021, where the Company published that it had entered into a Memorandum of Agreement to sell one (1) large Norwegian built Platform Supply Vessel, Standard Olympus for USD 7.5 million.

The transaction was completed today on 5 August 2021. S.D Standard Drilling Plc. has, through its subsidiary, Standard Olympus AS, received the transaction amount in full. S.D. Standard Drilling is an investment company within shipping, offshore and renewables which was founded in 2010.

In addition to a share portfolio and 33.3% ownership in the VLCC “Gustavia S”, the company currently has 100% ownership interest in three large-size Platform Supply Vessels (PSVs) and an indirect ownership interest in six mid-size PSVs. S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

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