Continental Focus, International Reach

Tidewater and Sonangol form JV

Monday, April 16, 2018

Tidewater Marine has partnered with Angola’s state-owned petroleum company, Sonangol, to create a company that will invest in servicing maritime tankers in Angola. This project has recently been approved by the Angolan government and will see the creation of a public limited company under Angolan law that will provide maritime services including cabotage and ship management.

The company, which will be named Sonatide Marine Angola, will also be involved in drilling, exploration, and production operations in Angola. 

Sonatide, which will require a starting investment of $1.3 million, will be 49% controlled by Tidewater Marine and 51% controlled by Sonangol Holdings.