Sonsub and Torch Offshore Sign Frame Agreement

Tuesday, July 29, 2003
Sonsub has signed a one year Frame Agreement with Torch Offshore, L.L.C to provide ROV support onboard the Midnight Wrangler. Sonsub will be supplying our 200 Hp, in-house designed and built Innovatorâ work class ROV with a depth rating of 3,000m. The Midnight Wrangler is a deepwater construction/pipelay vessel capable of laying rigid pipe, flexible pipe, coiled tubing and umbilicals, utilizing up to four reels, in water depths to 3,000m and beyond. Because both vessel and ROV are able to work in ultra deep waters, both companies feel that this is a very well suited match for the demanding deepwater construction market. Robert Keith, President of Sonsub, states, “We firmly believe that this partnership will result in providing our mutual clients with a complete package which will be a valuable deepwater asset to further their development goals.” Likewise, Torch Representative Willie Bergeron states, “The commitment of each partner to excellence, as well as the quality of the assets themselves, will provide our mutual customer base with a proven commodity in today’s competitive market.” The spread will be available for work beginning August 1, 2003.

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