CSV Southern Ocean has been awarded a charter contract by Boskalis. 
Works on this contract are scheduled to commence in February 2021 for a period
of approximately two months.

Henk van den IJssel, CEO of Oceanteam, says: "I am pleased to secure this
contract with Boskalis and further develop our business relationship and build
up backlog in the region. CSV Southern Ocean has already proven its deepwater
capabilities in 2018-2020 to full satisfaction of its previous clients".
Boskalis' primary activity under this contract will be the transport and
installation of suction pile anchors and mooring chains.

The CSV Southern Ocean is a DP2 Construction Support Vessel (dynamic positioning
class 2) with large subsea cranes (1 x 250 tonnes and 1 x 90/110 tonnes active
heave compensated), full ROV spread, 2400 m2 deck space, approximately 10.000
tonnes DWT, extensive accommodation and excellent seafaring capabilities. 

These characteristics enable Southern Ocean to be utilised for field support,
construction, installation and IRM work. Combined with additional deck equipment
such as reels and carousels and engineering capabilities CSV Southern Ocean can
be utilised for a variety of projects in the oil and gas-, power- and offshore
renewables markets.

CSV Southern Ocean is jointly owned by Bourbon and Oceanteam. 

About Oceanteam ASA

The Company is comprised of two operating segments, Oceanteam Shipping and
Oceanteam Solutions. Oceanteam Shipping owns, charters and manages two
deep-water offshore construction support vessels. Oceanteam Solutions' focus is
to provide its clients with complete offshore cable services. 
Oceanteam ASA has been active in the industry as an offshore solutions provider
for over fourteen years.

For further information about Oceanteam ASA please visit www.oceanteam.no or
contact:

Henk van den IJssel, CEO
e-mail: henkij@oceanteam.nl
Telephone +31 20 535 75 70

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.