The Competition and Markets Authority (CMA) has found that the proposed deal between Floatel and Prosafe raises competition concerns in the supply of offshore accommodation.
The CMA has been investigating the proposed deal between Prosafe and Floatel International. Both companies supply semi-submersible offshore accommodation support vessels (ASVs) – or “flotels” – to oil and gas companies. These are used to provide accommodation, storage, and working space for employees working offshore.
After completing its initial Phase 1 investigation, the CMA is concerned that the deal could reduce competition in the supply of ASVs for oil and gas projects on the UK continental shelf.
Full Content: Gov UK
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