DMT Inks Agreement for Agnes Candies

Wednesday, August 30, 2006
Deep Marine Technology, Inc. announces the signing of a long term lease agreement for the DP II Agnes Candies Dive Support Vessel. The Agnes Candies is 220-ft., U.S. Flagged vessel with:

40T Knuckle Boom Crane Brand New, State-of-the-Art 1000fsw 12 Man Saturation System with Hyperbaric Rescue Chamber Gas Mixing System Diver Reclaim 3 Man Bell Surface Dive Station Accommodations for 42

The Agnes Candies can be adopted for a large spectrum of work ranging from Repair and Installation to Inspection and Plug and Abandonment. Other possible uses for the vessel include platform repairs; riser, anode, and hot tap installations; subsea tree and valve assistance; and platform and pipeline inspection.

The Agnes joins the 150-ft. Mother Theresa DSV also on long term lease to DMT. We are currently selling time slots for both vessel spreads during periods that are not committed.

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