ROVworld Subsea Information

Oceanteam acquires additional power cable installation assets from Van Oord Offs
Date: Thursday, January 31, 2008 @ 11:00:00 EST
Topic: SUBSEA TELECOMS NEWS


Oceanteam acquires additional power cable installation assets from Van Oord OffshoreOceanteam ASA announced today that it has agreed with Van Oord Offshore BV to purchase their marine cable installation assets.

Besides various smaller items the assets include the Subtrench 02, a 2007 built innovative trenching machine capable of trenching product to a depth in excess of 3 meter in hard and soft soils, two cable plough's, two cable burial jet sledge's, a 40 te SWL A-Frame, three 10 te cable tensioners and a 750 te capacity carousel and associated equipment.

The commercial terms between the parties are confidential.

The acquisition of this equipment continues the substantial investment profile and expanding capability of Oceanteam ASA in its goal to be the prime provider of installation and trenching services to the offshore power cable industry.





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