It said a deal with Cross Energy has resulted in a new company called Radiance Offshore (Ghana).
The owner will have 49% of this entity, with Cross Energy having the rest.
It will focus on “shipowning, chartering and the provision of offshore marine related services,” it said.
Investment will be funded through internal resources.
This is its third joint venture move this year after striking deals with Malaysia’s Duta Marine and Jiangsu Zhenjiang shipyard of China.
