Canyon’s Quest ROV Awarded Drill Support Contracts

Canyon Offshore, Inc., has announced that it has been awarded drill support contracts on board the drilling rig Rowan Midland for its new electric Work Class ROV, Quest #3. In June, Canyon mobilized the new built Quest #3 on board the rig for Energy Resource Technologies, Inc. (ERT) to support ERT’s re-entry well work on East Cameron block 374. Upon completion of the ERT contract, Canyon will provide ROV services to Remington Oil & Gas at East Cameron 377 to support drilling and completion operations. The Quest is ideally suited for drill support and offers a number of technical innovations over traditional hydraulic work class ROV systems, especially in deepwater, due to its smaller footprint, power efficiencies and control features. To date Canyon has taken delivery of three QUEST ROV units with a fourth unit scheduled for delivery in August 2002.