Hallin Marine wins subsea contracts

Hallin Marine has signed two new subsea contracts worth a combined estimated value of $9.5 million.

Offshore staff

SINGAPORE -- Hallin Marine has signed two new subsea contracts worth a combined estimated value of $9.5 million.

The company has signed a 12-month contract with a US-based contractor to provide a saturation diving system (SAT-05) for operations in the Gulf of Mexico. Hallin will supply personnel and operate the system as the client requires.

The company also has been awarded a $2-million contract with Seaway Heavy Lifting Ltd. to provide saturation diving services in support of the BCP-B2 Booster Project offshore the west coast of India.

Under the terms of the contract, the company's compact SAT-01 system and saturation diving team will be mobilized onto the heavy lift vesselStanislav Yudin in September and continue work through the fourth quarter of this year.

8/17/2007

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