OceanTeam Charters DP2 Power Cable Lay Vessel

Oceanteam Power & Umbilical has chartered the DP2 Power Cable Lay Vessel Team Oman. Oceanteam thus continues to strengthen its position in the flexible product installation market.

Oceanteam Power & Umbilical continues to strengthen its position in the flexible product installation market. Announcing the chartering of the DP2 Power Cable Lay Vessel 'Team Oman' from Nico Middle East (A Topaz Group Company) for a 5 year contract, including options, confirms Oceanteam as firmly in the market place for 2007.

The vessel is already extensively tendered on projects from Australasia to the North West European Continental Shelf over 2007 and 2008.Contract placements are expected early in 2007.

The vessel has an extensive successful track record of cable installation projects. Oceanteam utilised the vessel to transport and install power cable on the Shell Nuon windfarm project in 2006.

Oceanteam will market the vessel into the Oil & Gas, Renewable and Power Distribution sectors.

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