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Risk management and internal control


Oceanteam has sound internal control and systems for risk management that are appropriate to the extent and nature of the company’s activities. The internal control and systems include our corporate values and guidelines for ethical and corporate social responsibility. The board carries out an annual review of the company’s most important areas of exposure to risk and its internal control arrangements. To comply with section 3-3b of the Norwegian Accounting Act, the board provides an account in the annual report of the main features of the company’s internal control and risk management systems as they relate to the company’s financial reporting. 

Oceanteam ASA closes sale of 25% stake in North Ocean 105 to McDermott

Jun 21 2017 Today, Oceanteam and its joint venture partner McDermott closed the sale of Oceanteam's remaining 25 percent stake in vessel-owning company North Ocean 105 AS.  

Bote de Vries appointed as non-executive director

Jun 01 2017 ​Mr. B. (Bote) de Vries (1958) has been appointed as Director of the Board of Oceanteam (“the Company”), the Norwegian-Dutch offshore service provider listed at the Oslo stock exchange. Mr. de Vries succeeds Mr. James Hill who stepped down and who has been a Director on Oceanteam’s Board since 2012.

McDermott exercises option to purchase PLV North Ocean 105

May 09 2017 Oceanteam received the written notice from its joint venture partner McDermott in which it commits to purchase Oceanteam's remaining 25 percent stake in the vessel-owning company North Ocean 105 AS on 20 June 2017.
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