Hallin Marine expects to supply diving support vessel services to the PTT 3rd pipeline construction project in the Gulf of Thailand. Hallin recently received a letter of intent from Hyundai Heavy Industries (HHI), in addition to Hallin's contract with HHI to supply construction diving services to the same project.
The diving support vessel work will take place in two phases, the first starting in December 2005 and the second scheduled for February 2006, with a contract value of $5 million.
The PTT 3rd pipeline project is a major expansion of the Thai Offshore Natural Gas Infrastructure, which provides gas for the domestic market. A 606 km pipeline and associated offshore facilities is to be constructed from PTT's Arthit field in the Gulf of Thailand to a landfall at Layong, south of Bangkok. Under the two subcontracts awarded by HHI, Hallin Marine will provide all the construction diving services from three pipelay barges as well as conducting Saturation Diving and Hot Tapping of connections into the pipeline from the diving support vessel.