Offshore

Prosafe's merger with competitor rejected by Norwegian regulators

The Norwegian regulators have rejected Prosafe's merger with Floatel, noting that it will harm competition for leasing of hotel rigs on the Norwegian shelf. Prosafe has three weeks to appeal the decision.
"We'll read the decision, and then we'll decide whether to appeal," CEO Jesper K. Andresen tells ShippingWatch in a comment on the rejection by the Norwegian Competition Authority. | Photo: PR / Prosafe
"We'll read the decision, and then we'll decide whether to appeal," CEO Jesper K. Andresen tells ShippingWatch in a comment on the rejection by the Norwegian Competition Authority. | Photo: PR / Prosafe
by NIKLAS KRIGSLUND

The merger between the two competitors in the market for leasing hotel rigs to the oil sector, Prosafe and Floatel, has been rejected in Norway.

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