Hallin Wins $6.5m Vessel Contract

Sunday, August 02, 2009

Hallin Marine, the AIM quoted provider of subsea solutions to the oil and gas industry, announced it has signed a contract for the Hallin operated vessel the Sanko Angel with a major oil & gas operator.

Under the terms of the contract the vessel will be providing offshore construction support to the client’s oil and gas platforms and subsea infrastructure.

Hallin divers, engineers and technicians will operate saturation diving and Remote Operated Vehicle (ROV) services from the Sanko Angel for part of the duration of the contract. The vessel will also provide accommodation support to the oil major’s offshore crew, utilizing much of the Sanko Angel’s personnel accommodation.

The contract commences immediately and is scheduled to run well into the fourth quarter of 2009. The contract value is US$6.5 million with additional service options.

During the duration of the contract the Sanko Angel will be operating in DP2 (Dynamic Positioning Class 2) mode. The 29.3-ft vessel is a multi-purpose Subsea Operations Vessel (SOV) that has accommodation for up to 120 personnel onboard.

(www.hallinmarine.com)

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