Heerema Contractors closes Angola Joint Ventures
10-11-2020 07:51:02 | by: Pie Kamau | hits: 1915 | Tags:

Dutch offshore contractor Heerema Marine Contractors announced the closure of its Angola Joint Ventures, citing ongoing poor market conditions and sustained low oil price, making the JV no longer economically viable.

Having explored possibilities for the future within Angola, Heerema has concluded that the closure of Heerema Porto Amboim (HPA) and Heerema Marine - Sociedade Angolana de Transportes (HMT) is the appropriate option.

The Heerema shares in HPA are sold to Hereema's Joint Venture partner, while HMT is liquidated as a result of this strategic decision. The HPA yard and HMT office currently employs around 40 people and following a wind down of services over the next 2 months, the full closure is expected in December this year.

The decision to cease operations in Angola is a difficult one and comes in response to long-term challenges and a limited outlook for work in the future and the company deeply regret the job losses that will result from this decision and will support its people through the transition.

Heerema Marine Contractors will however continue to operate from its branch in Angola, providing heavy lift installation services for the offshore energy markets.