DeepOcean lands subsea support vessel contract

DeepOcean has a letter of award from TSMarine (Contracting) Ltd. to provide the Normand Flower, two work ROV systems, and personnel.

Offshore staff

HAUGESUND, Norway –DeepOcean has a letter of award from TSMarine (Contracting) Ltd. to provide the Normand Flower, two work ROV systems, and personnel.

The contract is for a year starting Jan. 2008 at £15 million ($30 million), with two six-month extension options also at £15 million.

The equipment is to be deployed on subsea commissioning, rigless intervention, and general support by TSMarine in the North Sea.

DeepOcean also has chartered two newbuild multi-purpose subsea support vessels from Active Subsea ASA. Both vessels are 73.4 m (241 ft) long with DP-2 systems and an active heave compensated 60-ton (54.4 metric ton) crane.

The first charter begins in 1Q 2008 for two years with two one-year options to work for Petrobras in Brazil. The second vessel is scheduled for delivery in 2Q 2008.

08/14/2007

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