For illustration; Heerema Marine Contractors' semi-submersible crane vessel - Credit:Tupungato/AdobeStock
Offshore heavy lifting specialist Heerema Marine Contractors has decided to close its joint ventures in Angola. Heerema said Friday that the ongoing poor market conditions and sustained low oil price meant that its Angola ventures were 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," Heerema Marine Contractors said.
Heerema said it has sold its shares in HPA are sold to its joint venture partner, while HMT has been liquidated.
"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," Heerema Marine Contractors said.
"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. We deeply regret the job losses that will result from this decision and will support our people through the transition," Heerema Marine Contractors said.
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