27 July 2017

OCEANTEAM ASA - SOLUTIONS WINS CONTRACT TO ENGINEER AND SUPPLY 2000T TURNTABLE FOR CABLE INSTALLER

Oceanteam Solutions has been awarded a long-term contract to supply a company that performs the installation of marine power cables with a 2000T demountable turntable including engineering and personnel services.

The mobilisation and demobilisation of the equipment onto client's vessel will take place at Oceanteam's own facility in Velsen Noord, The Netherlands. Furthermore, Oceanteam will accommodate professional operators for the complete project. The project is planned to be executed in summer 2017.

"Oceanteam Solutions has just renewed collaboration with this particular client, through which we have proved that the multi-year partnerships in our line of work are possible. We are very pleased to have won this contract and are convinced that one of the key factors of our successful collaboration is the trust that we've built," said Lex van Doorn, Managing Director of Oceanteam Solutions.

Oceanteam also supplied a cable laying spread to another client, which is still operational and under long-term contract. In this project, OTS was responsible for the engineering, supply and mobilisation of a 4000T demountable turntable and loading tower with built-in tensioner for a cable laying project in Germany.

Oceanteam has a long track record in cable and umbilical equipment and services, among them the cable laying spreads, cable transports and cable storage. Interested in what Oceanteam Solutions has to offer? Find an overview of our equipment pool here.


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. Oceanteam ASA has been active in the industry as an offshore solutions provider for over twelve years.

For more information: www.oceanteam.no

For further information about Oceanteam ASA please contact:
CEO Haico Halbesma: +31 20 53 57 570, haico@oceanteam.no


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.