Siem Offshore has a fleet of 28 vessels, comprising modern and high-end subsea constructions vessels, well intervention vessels, anchor handling tug supply vessels, platform supply vessels, and oil spill recovery vessels. Siem Offshore has strong local presence in all key offshore regions, including the North Sea, Brazil, Australia, and Canada.

In addition to performing services to its clients within O&G, Siem offshore has a strong foothold in the offshore renewables market which is experiencing significant growth. The company is currently delivering on and has successfully delivered on several work scopes with clients in the offshore renewables market.

Kistefos has long experience with investments in the offshore supply industry. Qualities such as a strong management team, and a modern and high-quality fleet with demonstrated abilities to perform high-quality services to clients both within the O&G and renewables industry were key components of our investment hypothesis.