Further to Oceanteam ASA’s announcement dated 26 March 2021 regarding the sale of CSV Southern Ocean by Oceanteam Bourbon 4 AS, a joint venture company of Oceanteam ASA and Bourbon Offshore Norway AS, the vessel sale transaction has been completed.

The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore solutions. Oceanteam ASA has been active in the industry as an offshore solutions provider for over fourteen years.