Sevan Marine completes Kanfa transaction

Sevan Marine has announced that the previously agreed transaction of 49% of the shareholding in Kanfa to Technip was completed today.

Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN.

Related: Technip, Sevan Marine agree Kanfa transaction

Kanfa is an independent process design and engineering group that delivers overall process solutions and services to the Offshore Oil & Gas Industry.  KANFA’s main focus is delivering tailored solutions to the worldwide FPSO market – from arctic to tropical climates, from benign to harsh environments.