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Herbert Smith Freehills advises Ocyan on vessel divestment

  • News
  • 3 February 2020
  • 226
  • 2 minutes read

Herbert Smith Freehills has advised Ocyan on the disposal of its 50-per cent stake in two pipe-laying support vessels (PLSVs) in Brazil.

Pedro Rufino Carvalho of HSFThe transaction involved two PLSVs in use by Petrobras for interconnection and communication between wells and production platforms.

Ocyan operates in the upstream oil and gas market in Brazil and abroad, with activities including chartering and offshore drilling, supply and installation of subsea infrastructure, chartering and operation of offshore production units and offshore maintenance and services.

The London-based Herbert Smith Freehills team advising on the transaction was led by partner Pedro Rufino Carvalo (pictured) and Laura Hulett, and also included senior associate Kate Laidlow-Singh, associates Becky Skeffington, Sarah Teasdale, Kingsley Boateng and Josh Attard, in addition to New York-based visiting associate Natália Mauad.

adam.critchley@iberianlegalgroup.com

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