Sevan Marine is pleased to announce the delivery of the accommodation unit Arendal Spirit from the Cosco, Nantong yard to Teekay Offshore Partners LP in accordance with the agreement between Teekay Offshore Partners LP, Cefront Technology AS and Logitel Offshore Holdings AS announced on 12 July 2014.
The delivery triggers the payment of USD 10 million to Sevan Marine no later than 6 months from the date of delivery.
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