Oceanteam ASA - CSV Bourbon Oceanteam 101 expected to be released early from Angola contract

Oceaneering International Inc., the charterer of CSV Bourbon Oceanteam 101, has announced that a unit of BP has exercised its right, related to a Field Support Vessel Services contract between Oceaneering and BP for offshore work in Angola, to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the end of May 2016. Prior to this notice, the work was scheduled to extend through the end of January 2017.
Following the release of the vessel BP and Oceaneering intend to redeliver the vessel to the owner. Under the terms of the charter contract, the costs incurred and associated with an earlier release and demobilization of the vessel are to be reimbursed to the owner. CSV Bourbon Oceanteam 101 is owned 50/50 through a joint venture between Bourbon Offshore Norway AS and Oceanteam ASA.
About Oceanteam ASA
The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels and fast support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore solutions. This year, Oceanteam ASA is having its ten year anniversary, celebrating a decade of offshore solutions.
About Oceanteam ASA
The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels and fast support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore solutions. This year, Oceanteam ASA is having its ten year anniversary, celebrating a decade of offshore solutions.
Latest news
- May 23 2023 | Oceanteam ASA - AGM Minutes 23 May 2023#investors
- May 02 2023 | Oceanteam ASA - Summons to Annual General Meeting 23 May 2023#investors
- Apr 05 2023 | Oceanteam ASA reports full year 2022 results#investors
- Mar 01 2023 | Leadership Change in Oceanteam ASA#investor
- Jan 09 2023 | Oceanteam ASA - EGM minutes 09 January 2023#investors