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TDW > SEC Filings for TDW > Form 8-K on 15-Nov-2013All Recent SEC Filings

Show all filings for TIDEWATER INC



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Item 8.01 Other Events

The Company has previously disclosed that it has been in ongoing negotiations with its joint venture partner, Sonangol Holdings, Lda., regarding a new joint venture agreement pursuant to which Sonatide, the Angola joint venture between the Company and Sonangol Holdings, Lda., would be operated. The joint venture has been operating under a joint venture agreement, extended on prior occasions, that was last extended through March 31, 2013. Sonangol Holdings, Lda. and the Company have successfully negotiated and executed a new definitive joint venture agreement, which will have a two year term once an Angolan entity, which is intended to be one of the Sonatide group of companies, has been incorporated. The formation of that entity is expected to be complete by early 2014, and if that timing is met, the term of the new joint venture agreement would expire, unless extended, in early 2016.

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