Monteiro and his associates acquired the BCN Competicion team last week, and will compete under the Ocean name for the remainder of this winter's Asia series and next summer's main championship.
Buurman, who contested the first half of this year's GP2 championship with Team Arden - before being replaced by Luca Filippi - will join the squad for the second Asian series round in Dubai next weekend.
"It's exciting to race for this brand new team and I will do my best to impress Tiago and (co-owner) Jose Guedes enough to stay in the team for 2009," said Buurman, who recently finished runner-up in the inaugural Superleague championship for PSV Eindhoven.
"I would like to thank Tiago for getting a new chance in GP2 after my successful season in Superleague. My first races in GP2 Asia last year were quite good - in Dubai I finished on the podium and I hope to repeat this performance with Ocean Racing.
"Tiago explained to me his ideas and plans, and I am convinced the new team will soon be a front runner."
Monteiro says he rates Buurman highly and is looking forward to working with the Dutchman.
"I see him as a great driver with very good potential, and he really fits this project," said Monteiro. "He's fast and has good experience already in single seaters.
"He's very motivated and has a hard working profile. He's the kind of personality Ocean Racing needs."
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