Integrated offshore oilfield services provider Great Offshore Ltd (GOL) today said it is planning to acquire 5-6 new vessels worth USD 150 million.
"We are planning to acquire 5-6 new vessels to strengthen our position in the area of offshore supply vessels (OSV) and marine construction," Great Offshore's Executive Director P C Kapoor told reporters on the sidelines of the company's Annual General Meeting here today.
This was the first AGM of the company after Bharati Shipyard acquired Great Offshore.
The company has placed an order to acquire one jack-up rig and one multi-purpose support vessel (MSV) worth $244 million, Kapoor said, adding the ordered vessels will join the company's fleet over the next 12-15 months.
Talking about the Foreign Currency Convertible Bonds (FCCBs), Kapoor said, "We have not taken any decision on whether to convert them or not."
The GOL Board will come out with a firm decision before October 2012 on the issue, he added. The outstanding FCCBs of the company stood at $40 million, which is due for maturity in October 2012.