Tanjung Offshore’s deal with Bourbon likely to be done only next year

PETALING JAYA: Tanjung Offshore Bhd, which is attempting to return to the offshore services vessel (OSV) market, will take a longer time than expected to secure its new business stream.

Its proposal to purchase Singapore-based Bourbon Far East Pte Ltd, which will mark its re-entry into the OSV market, is supposed to be wrapped up by end of this week, after a one-month extension. But sources said indications were that the discussions could go on until mid-2015.