Siem Offshore AS
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Siem Offshore AS - overview
Location
Kristiansand, -, Norway
Primary Industry
Oil & Gas
About
Siem Offshore AS is a leading provider of offshore support services, specializing in vessel operations for the oil and gas, renewables, and research sectors. Siem Offshore AS operates in Kristiansand, Norway, providing offshore support services. The company has not undergone any recent pivots or changes in its strategy. As of now, it stands as an independent entity without subsidiaries.
Bernt Omdal serves as the CEO, contributing to the company's expertise in offshore operations. Siem Offshore AS specializes in delivering a wide range of offshore support services, operating a fleet of 21 advanced vessels, including Anchor Handling Tug Supply (AHTS) Vessels, Platform Supply Vessels (PSV), Well-Intervention Vessels, and Subsea Construction Vessels. These vessels are designed for challenging marine environments and cater to clients in energy exploration, installation, and maintenance. The company operates globally, with significant activities in the North Sea, Gulf of Mexico, and various offshore locations across South America and Asia-Pacific.
In the most recent year, 2022, Siem Offshore AS reported a revenue of USD 10. 99 mn, with an EBITDA of USD -2. 88 mn, reflecting the financial dynamics of its operations. Currently, Siem Offshore AS has not disclosed specific upcoming products or innovations.
The company is focused on maintaining its operations in existing markets, with strategic plans to enhance its service offerings. Funding will be directed towards strengthening its operational capabilities and optimizing its fleet for better service delivery.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Logistics & Distribution
Website
www.siemoffshore.com
Total Amount Raised
Subscriber access only
Siem Offshore AS - timeline of key events
Siem Offshore AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Secunda Canada LP | - | ||||||||
| Trade Sale | Completed | Secunda Canada LP | - |
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Siem Offshore AS - employee data
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