Independent journal on economy and transport policy
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Saipem has carried to term the cession of the naval means Florence FPSO to the Eni group
The transaction has a value of 336 million euros
December 30, 2013
Today Saipem has carried to term the cession of Florence FPSO (Floating Production Storage and Offloading) to the Eni group (that the entire share capital of Floaters Spa stops 43% about of the capital stock of the same Saipem) by means of the improvement of the sale to Eni of the participation representative. .
The naval means Florence FPSO, that it is constructed in 1989 from the Croatian ship yard 3.Maj, are employed in the offshore reservoir Eagle operated from Eni to the wide one of the coasts of the Apulia. The buying and selling agreement previews that Saipem supplies to Floaters, for a transient period, services of ship management to the aim to facilitate the management of the operating activities in the starting phases post-cession. Moreover Saipem will have to execute some activities of completion of naval means.
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