Monday, Dec 15, 2008
Oceanteam ASA announced today that it has signed a contract with Technip UK Ltd for a vessel charter plus additional services for its Construction Support Vessel North Ocean 103 currently under construction in Vigo, Spain.
The agreement will commence in 2009 for a minimum period of 8 years plus options for world wide operations.
The agreement is in line with the Oceanteam financial expectations.
About Oceanteam ASA
Oceanteam is an offshore services company focused on servicing, installation, trenching and IMR of Flexible Flowlines, Umbilicals and Power Cables. This includes the provision of subsea services, installation teams, fully operational spreads and time charters. Oceanteam has offices in Norway, United Kingdom, Germany, Mexico, Angola, Dubai and the Netherlands. The company’s target markets are Oil & Gas, Offshore Renewables including associated Grid Networks and High Voltage Power Interconnectors.
For more information: www.oceanteam.no