Scomi Marine has agreed to sell its 29% stake in offshore vessel operator CH Offshore for SGD143.5m ($101m).

Falcon is paying about a 10% premium to CH Offshore's current share price for its 29% stake
The stake has been sold to Singapore-listed oil and gas player Falcon Energy Group for the equivalent of SGD0.70 per share.

Falcon owns eight multi purpose work/accommodation barges, one anchor handler and a 40% interest in a floating supply and offloading vessel.

Scomi