Heerema to Withdraw from Angola

Heerema Marine Contractors announced this afternoon that the Heerema Angola Joint Ventures are no longer economically viable due to the ongoing poor market conditions and sustained low oil price.

After 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 being sold to their Joint Venture partner, while HMT is to be 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 has been a difficult one and comes in response to long-term challenges and a limited outlook for work in the future. Heerema deeply regrets the job losses that will result from this decision and will support their people through the transition.

Heerema has advised all relevant authorities and all long-term clients of its decision and appreciates their efforts of support.

Heerema Porto Amboim is an incorporated Angolan joint venture between Heerema Marine Contractors (HMC) and Cenbir.

Source Heerema Marine Contractors