Oceanteam Secures Two More New Build Options

Oceanteam has secured two additional options with MetalShips & Docks, SUA to build construction support vessels with delivery third quarter 2011 and third quarter 2012.

Oceanteam will target the vessels at its established Subsea - and Power & Umbilical installation services markets with particular emphasis on Subsea Services.

Oceanteam is already building five large construction support / power cable lay vessels by MetalShips & Docks in Vigo of which the first delivery in the series is 50/50 owned together with Bourbon Offshore Norway AS. This vessel, the Bourbon Oceanteam 101, will start operations late November 2007.