Offshore staff

DARLINGTON, UK --DeepOcean ASA has agreed with Volstad Maritime to commission a new 120-m (393-ft), ST-256L-type construction vessel. DeepOcean will have a 51% interest in the venture, with an option to purchase the vessel after five years.

The vessel, due for delivery in March 2009, will be the second built by Volstad for DeepOcean via its subsidiary CTC Marine Projects. It will provide multi-role support capability to DeeepOcean's trenching and installation operations, including cable, umbilical, and flexible line laying.

07/30/2007

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