Long Term Contract for CSV North Ocean 102

Oceanteam Power & Umbilical ASA has signed a long term agreement with the Mexican Offshore Construction and IMR Company CICSA for a minimum period of 5 years plus options. The contract consists of the CSV North Ocean 102 and Oceanteam additional services supporting the contract. Oceanteam will support CICSA on a project by project basis with its range of services including engineering, subsea support and installation services.