Moss Maritime CS 60 E

Fred Olsen Energy Declines Option for Additional Semi from Hyundai Heavy

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November 21, 2012

Image courtesy Moss Maritime

Norwegian oil and gas exploration and production service provider Fred. Olsen Energy ASA (FOE.SE) said Wednesday it has decided not to exercise the option for a second newbuild semi-submersible from Hyundai Heavy Industries Co., Ltd. (009540.SE).

-At 1343 GMT shares traded 0.2% higher at NOK253.

– Dominic Chopping, (c) 2012 Dow Jones & Company

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