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    Siem Offshore acquires full control of Secunda Canada

    Company News // May 20, 2016

    As part of a recapitalization of Secunda in Canada, Siem Offshore has acquired Birch Hill’s 50 per cent ownership interest in Secunda Canada.

    Siem Offshore has also provided the required capital finance for Secunda's newbuild, Avalon Sea, the vessel acquisition and importation costs and other working capital items. 

    Avalon Sea will will support two large production fields, Hibernia and Hebron.

    Siem Offshore has therefroe become the 100 per cent owner of Secunda Canada.

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