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    Oceanteam declares option for newbuild

    News // May 14, 2007

    Oceanteam Power & Umbilical ASA has announced that it has signed an agreement with Bourbon Offshore to build a new construction support vessel to be delivered early 2010. The vessel will be built by Metalships & Docks in Vigo, Spain.
     
    The vessel will be owned 50/50 by Oceanteam Power & Umbilical ASA and Bourbon Offshore Norway AS through a single purpose company to be named Oceanteam Bourbon 2 AS, and the vessel will be named Bourbon Oceanteam 104.
     
    The newbuild will be 123m long with a breadth of 27m, have approximately 2,000m² of free deck, two large heave compensated cranes and accommodation for 120 people.
     
    Oceanteam is already building three large construction support/power cable lay vessels in Vigo of which the first delivery in the series is also 50/50 owned with Bourbon Offshore Norway AS.

    This vessel, Bourbon Oceanteam 101 vessel will be delivered in September 2007.

    In addition OPU and Bourbon Offshore have a commercial agreement allowing OPU to market its services through Bourbon's network worldwide and giving access to OPU to the wide range of specialised offshore support vessels owned and operated by Bourbon worldwide.
     

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