As part of these transactions Orinoco has agreed to assume responsibility for completing all remaining asset retirement obligations of Maritech.Īs a result of these transactions, TETRA will exit the offshore decommissioning services business and dispose of its Maritech subsidiary.
#Tetra technologies series#
Through a series of transactions, Orinoco Natural Resources, LLC ("Orinoco") and Epic Offshore Specialty, LLC have agreed to purchase from TETRA the remaining offshore leases of Maritech and TETRA's subsidiaries involved in these offshore businesses – TETRA Applied Technologies, LLC, TSB Offshore, Inc., Epic Diving & Marine Services, LLC, and Maritech Resources, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that it has signed definitive agreements to divest its offshore heavy lift, plugging and abandonment, decommissioning, cutting, diving and related consulting services businesses and its Maritech operations, along with all of Maritech's related asset retirement obligations. THE WOODLANDS, Texas, Ma/ PRNewswire/ - TETRA Technologies, Inc.
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