Angolan maritime services provider Octomar and Angolan service company Cabship have signed a Memorandum of Understanding (MoU) for the creation of a diving and offshore marine support company in Cabinda Special Economic Zone.
The new company, jointly held by both companies with a 50% ownership stake each, aims to offer comprehensive subsea and offshore maritime support services in both shallow and deep waters of the Cabinda offshore region.
Furthermore, the 100% Angolan joint venture has set its sights on the upcoming Caio maritime terminal and plans to register itself within the Cabinda Special Economic Zone.
The MoU was signed by Luís Lago de Carvalho, executive board member of OCTOMAR, and João Filipe, CEO of CABSHIP.
Lago de Carvalho, executive board member of OCTOMAR, stated that “Cabinda was the province that allowed our company to grow and, above all, train most of our divers. We have continued to operate in Cabinda, but from our base in Luanda, and we thought we should change this situation by finding a solid partner with the same vision about local content, like Cabship, to do so. With the creation of the Cabinda Special Economic Zone, we finally decided to move forward, and this is the first step towards what we hope will be a successful local company with many reasons for pride for all.’
Meanwhile, João Filipe, CEO of Cabship, said that “This strategic partnership between Angolan companies aims to demonstrate our commitment to continue adding value to the service provision value chain for the oil sector by Angolan companies. We will create specialized and support jobs. Cabship and Octomar are companies with extensive experience in Oil & Gas and are ready to capitalize on the new wave of opportunities in the Angolan offshore industry and perhaps in neighboring countries. Lastly, we will remain committed to operational excellence by exceeding our customers’ expectations and providing services with international standards.”
