D ece mb e r A nn o u n ce d a  h ea d s of agr ee m e n t ex p ressi n g o u r i n t e n t t o acq u ire, for $50  m illio n ,  t h e  d rill  s u pp or t  R O V b u si n ess fro m  S t ol t O ffs h ore S.A.  T h is was fi n alize d  i n  Febr u ary 2004 for a  p u rc h ase p rice of $48.4  m illio n . T h e  d rill s u pp or t  b u si n ess a cq u ire d  co n sis t e d  of 34 work class R O Vs, 10 observa t io n  class R O Vs, a n cillary eq u i pm e n t , a n d  rel a t e d  co n t rac t s a n d  e mp loyees.  T h is acq u isi t io n  i n crease d  o u r work class R O V flee t  size by over 25 % a n d  es t ablis h e d u s as  t h e  d o m i n a n t  R O V  p rovi d er i n  bo t h W es t  Africa a n d t h e  N orwegia n  sec t or o f t h e  N or t h  Sea. Stolt Triton ST-02 Stolt Triton XL Stolt Scorpion Below: Stolt SCV 3000 P a ge  14 O ceanee r ing  I n t e r na t ional  2003AnnualRepo r t