StatoilHydro contracts Canyon Offshore for trenching services

Canyon Offshore has signed a frame agreement with StatoilHydro for provision of trenching services offshore Norway.

Offshore Staff

HOUSTON -- Canyon Offshore has signed a frame agreement with StatoilHydro for provision of trenching services offshore Norway. The agreement is for three years with two, two-year options to extend.

Canyon Offshore will use its fleet of trenching systems including theT750 jet trencher and the i-trencher, Canyon's newbuild heavy soils trenching machine. The services will be conducted from one of the company's long-term chartered DP-2 vessels: Olympic Triton, Northern Canyon, and Island Pioneer.

06/12/2008

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