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Corporation
siemoffshore.com

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Investments

2

Partners & Customers

10

About Siem Offshore

Siem Offshore serves the global oil and gas industry with a modern, environment friendly and technically advanced fleet. The fleet consists of 36 vessels in operation and 11 vessels under construction. The fleet includes, amongst others, large Anchor Handling Tug Supply vessels, Platform Supply Vessels, Multipurpose field & ROV Support Vessel and Offshore Subsea Construction Vessels designed to meet increased requirements from clients and demands from operations in the most challenging environments. A main focus is on health, safety, environment and quality. The Company is listed on the Oslo Stock Exchange (Ticker SIOFF).

Siem Offshore Headquarters Location

Markensgt. 8

Kristiansand, NO 4664,

Norway

38 60 04 00

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Latest Siem Offshore News

Equinor prolongs Siem vessel’s gig off Norway

Aug 11, 2022

Equinor prolongs Siem vessel’s gig off Norway August 11, 2022, by Melisa Cavcic Norwegian state-owned energy giant Equinor has exercised an extension option with Siem Offshore, a compatriot shipping company, adding more work to the backlog of an anchor handling tug and supply (AHTS) vessel carrying out operations off Norway. Siem AHTS Pool (SAP), a subsidiary of Siem Offshore, revealed last week that Equinor has declared a three-month option for the AHTS Siem Opal. The extension entails operations in Norway and will become effective from September. According to Siem Offshore, this AHTS vessel will continue to support Equinor’s various rig move activities during drilling campaigns. No financial details have been revealed about this extension. The 2011-built AHTS Siem Opal is of VS 491 CD design and it can accommodate up to 60 people. When it comes to Siem Offshore’s recent deals elsewhere, it is worth noting that the Norwegian firm secured a contract extension with TotalEnergies in late July 2022 for two platform supply vessels (PSVs), which will continue working off Brazil. Related Article

Siem Offshore Investments

2 Investments

Siem Offshore has made 2 investments. Their latest investment was in IDEOL as part of their Corporate Minority on June 6, 2017.

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Siem Offshore Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/6/2017

Corporate Minority

IDEOL

$9.02M

Yes

1

9/12/2013

Corporate Minority

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$99M

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10

Date

6/6/2017

9/12/2013

Round

Corporate Minority

Corporate Minority

Company

IDEOL

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Amount

$9.02M

$99M

New?

Yes

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Co-Investors

Sources

1

10

Siem Offshore Acquisitions

1 Acquisition

Siem Offshore acquired 1 company. Their latest acquisition was Secunda Canada on May 20, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/20/2016

Other

$99M

$15.27M

Acquired

1

Date

5/20/2016

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

$15.27M

Note

Acquired

Sources

1

Siem Offshore Partners & Customers

10 Partners and customers

Siem Offshore has 10 strategic partners and customers. Siem Offshore recently partnered with Equinor on December 12, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

12/21/2021

Client

Norway

Siem Offshore's AHTS to Support Equinor's Drilling Ops

Norwegian offshore vessel owner Siem Offshore has secured a contract with the compatriot oil and gas company Equinor for the Siem Opal anchor handling tug supply vessel .

1

5/28/2021

Vendor

Finland

at Wärtsilä in Latin America. 11 February 2021 at 10:00 AM E. Europe Standard Time. Wärtsilä and Siem Offshore sign a 5-year Optimised Maintenance agreement to reduce carbon footprint with predictive maintenance

The technology group Wärtsilä Corporation has signed a Wärtsilä Agreement covering two offshore Well Intervention Vessels owned by Norway based Siem Offshore .

1

2/11/2021

Vendor

Finland

Wärtsilä Helps Siem Offshore Cut Emissions, Fuel Consumption

Norwegian offshore vessel operator Siem Offshore has tapped Finnish maritime technology firm Wärtsilä to help it cut emissions and fuel consumption aboard two well intervention vessels .

2

2/11/2021

Vendor

Finland

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10

9/11/2020

Client

United Kingdom

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10

Date

12/21/2021

5/28/2021

2/11/2021

2/11/2021

9/11/2020

Type

Client

Vendor

Vendor

Vendor

Client

Business Partner

Country

Norway

Finland

Finland

Finland

United Kingdom

News Snippet

Siem Offshore's AHTS to Support Equinor's Drilling Ops

Norwegian offshore vessel owner Siem Offshore has secured a contract with the compatriot oil and gas company Equinor for the Siem Opal anchor handling tug supply vessel .

at Wärtsilä in Latin America. 11 February 2021 at 10:00 AM E. Europe Standard Time. Wärtsilä and Siem Offshore sign a 5-year Optimised Maintenance agreement to reduce carbon footprint with predictive maintenance

The technology group Wärtsilä Corporation has signed a Wärtsilä Agreement covering two offshore Well Intervention Vessels owned by Norway based Siem Offshore .

Wärtsilä Helps Siem Offshore Cut Emissions, Fuel Consumption

Norwegian offshore vessel operator Siem Offshore has tapped Finnish maritime technology firm Wärtsilä to help it cut emissions and fuel consumption aboard two well intervention vessels .

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Sources

1

1

2

10

10

Siem Offshore Team

1 Team Member

Siem Offshore has 1 team member, including former Chief Executive Officer, President, Idar Hillersøy.

Name

Work History

Title

Status

Idar Hillersøy

Chief Executive Officer, President

Former

Name

Idar Hillersøy

Work History

Title

Chief Executive Officer, President

Status

Former

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