Altera sells tug supply vessel fleet

March 1, 2024
Altera Infrastructure LP has sold ALP Maritime Group and its associated subsidiaries, which own a fleet of anchor-handling tug supply vessels.

Offshore staff

WESTHILL, UKAltera Infrastructure LP has sold ALP Maritime Group and its associated subsidiaries, which own a fleet of anchor-handling tug supply vessels.

The divestment will allow Altera to focus on its core activities, notably FPSO and shuttle tanker operations, and to prepare for investments in the Stella Maris Carbon Capture and Storage (CCS) project.

President and CEO Ingvild Sæther said, “The divestment…will allow us to focus more on our stable, medium and long-term contracts for our remaining assets and enable us to pursue exciting new opportunities in our developing CCS business, in particular following award of our first offshore carbon storage license in the Norwegian sector.”

Altera owns and operates infrastructure and facilities in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.

Its assets include FPSOs, shuttle tankers, and floating storage and offtake (FSO) units.

03.01.2024