STAVANGER: A high-end offshore accommodation player named Macro Offshore is created, as the merger between Master Marine and Crossway Holdings has received all customary approvals and has now been completed and made effective.
“We are excited to announce the launch of Macro Offshore, which will continue to service clients with the highest quality assets they require,” Bjorn Henriksen, CEO of Macro Offshore, said.
“The deal allows us to continue building the best offshore services company in the offshore accommodation space.”
The new group, Macro Offshore, will be a fully integrated owner and operator of vessels with a fleet of two harsh-environment deep-water accommodation jack-up rigs, Haven and Crossway Eagle, which are currently on contracts with Equinor and Total Denmark, respectively.
Haven is contracted to Equinor at Johan Sverdrup until mid-April 2020, while Crossway Eagle is on contract with Total Denmark through early 2021. Macro Offshore further controls one accommodation jack-up rig under construction at DSIC Offshore in Dalian China which is available for work commencing in 2020.
Macro Offshore will be headquartered in Stavanger, Norway. Master Marine’s management has been appointed management of the combined group and the company will be owned by the former shareholders of Master Marine and Crossway Holdings.