Fara Holdco Limited (Fara), owners of the Bibby Offshore group of companies (Bibby) has announced a merger with Rever Offshore AS (Rever). Rever’s subsidiaries include CECON Contracting AS, as well as two vessel companies which own the Cecon Excellence and Cecon Sovereign.
The combination of Bibby and CECON Contracting will create a larger and more robust offshore installation delivery business both in the North Sea and internationally, currently focused on the Atlantic and Mediterranean regions. Supported by strong ownership, the Bibby-Rever platform is well positioned to deliver even greater service quality and efficiency for clients. The combined company will continue to evaluate growth opportunities in its core diving and subsea umbilicals, risers, and flowlines (SURF) markets.
