McDermott to take outright control of North Ocean 105

McDermott has committed to purchasing Oceanteam’s remaining 25% interest in the offshore vessel-owning company North Ocean 105 AS.

Offshore staff

PARADIS, NorwayMcDermott has committed to purchasing Oceanteam’s remaining 25% interest in the offshore vessel-owning company North Ocean 105 AS.

This is in line with an amended bond agreement executed last week, part of Oceanteam’s financial restructuring plan.

The company has agreed to set aside proceeds of this sale to repay debts to vendors and certain lenders.

05/09/2017

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