After a nearly six-month search, Oslo-based offshore accommodation vessel specialist Floatel International has found a buyer for one of its vessels.
The company signed an agreement in principle to sell its accommodation semisub Floatel Reliance for an undisclosed fee.
The floatel will be sold for further use and the firm deal is expected to be signed shortly. The intention is to hand over the unit to the unnamed owner during the second quarter of 2025.
The 2010-built vessel has been out of work for quite some time. It has been in lay-up in the Canary Islands since April 2016.
The firm put up the vessel for sale in September last year claiming that it would be too costly to reactivate it for offshore operations. Also, reactivation of the floatel could last up to 10 months.
Floatel hoped to sell the vessel before the end of 2024, however, it wasn’t to be. But it did not take long in 2025 to find an adequate customer.
According to the company’s statement from last year, the vessel’s specifications do not align with the strategy to “serve tier 1 customers”. The Norwegian firm even considered selling it for recycling.
