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Canyon Mobilizes Advanced Jet-Trenching Spreads

Maritime Activity Reports, Inc.

July 23, 2003

Canyon Offshore's North Sea region is currently operating two advanced jet-trenching spreads in Norwegian and Faroes/Iceland waters. Canyon Offshore's new Perry Slingsby Systems T750 Super Trencher has recently mobilized and successfully completed trials in the North Sea offshore Middlesborough. The trials were conducted onboard the Canyon operated UT 745 - ROVSV Northern Canyon. This spread is currently trenching a 12" Gas Injection flowline in the Norwegian sector of the North Sea. Additionally, Canyon Offshore is undertaking PLGR and PLIB projects on a telecom cable between the Faroes Islands and Iceland. Canyon's T500 trencher is being operated onboard the recently delivered UT755 Highland Eagle for the Route Clearance/Burial Assessment and Post Lay Burial tasks.

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