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.
Categories
Latest news
- May 02 2022 | Oceanteam ASA- Summons to Annual General Meeting 23 May 2022#investors
- Apr 13 2022 | Oceanteam ASA reports full year 2021 results#investors
- Apr 04 2022 | Oceanteam ASA - EGM Minutes 04 April 2022#investors
- Mar 14 2022 | Oceanteam ASA - Summons to EGM 04 April 2022#investors
- Feb 04 2022 | Deployment 4000 tonne carousel#solutions