Oceanteam’s Subsidiary DOT Holdings Secures Interest in Offshore Support Vessel

Oceanteam Shipping ASA announced that it has secured, through its joint venture DOT Holdings AS, an interest in a new build Offshore Support Vessel.

As a result a partnership with Pacific Radiance Ltd., subject to certain conditions subsequent, has been established.

Closure of remaining conditions subsequent, are expected to be finalised in the coming month.

Once full closure is reached the initial interest of DOT Holdings AS is 50%. The investment comes with an option to buy the remaining 50% after a period of 7 years against agreed terms. The commercial terms remain confidential. The project is fully financed upon closure of certain conditions subsequent.

Further announcements will be made in due course.

Through the partnership and joint vessel ownership with Singapore stock listed Pacific Radiance Ltd., DOT Holdings AS has secured a long term partnership with a highly competent and strong partner.

Pacific Radiance Ltd owns and operates over 130 high end offshore support vessel and has world-wide operations.

Press Release, September 09, 2014

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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