Angola Lifting All Boats

Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks.

On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel, or CSV BO 101, had been hired to hang around the Angolan offshore a little longer. Client Total extended the charter contract until at least mid-2020, although the operator has just wrapped up a long development drive in Block 17.

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