Hallin Marine Forms UK Subsidiary

Hallin Marine Subsea International has formed a wholly owned subsidiary, Hallin Marine UK Ltd, to exploit the potential for its services in the North Sea.

From its offices in Aberdeen the company intends to compete for subsea intervention work in the North Sea.

The managing director of Hallin Marine, John Giddens, said: "We believe the North Sea is potentially a very exciting market for the company and offers very significant opportunities for our subsea intervention services."

Hallin Marine was formed in 1998 to provide high quality marine and underwater services to the offshore industry, particularly in support of Oil & Gas development. It has grown from a US$1 million turnover company in its first year to a US$20 million turnover company in 2004. Hallin Marine was admitted to AIM in April 2005.

The Company is an experienced provider of subsea construction and inspection solutions. It employs experienced subsea engineering staff to manage projects using: support vessels, saturation diving systems, air/mixed gas diving spreads and remote operating vehicles. The Company owns all its principal equipment, including the diving systems. Hallin's expanding operations cover the South East Asia, India, China and Middle East regions.

Typically the work undertaken by the Group comprises the installation, construction maintenance, repair or survey of equipment on the seabed. Most of the projects are planned well in advance and Hallin's role is that of a key contractor, normally working as part of a larger team. The largest projects may take two or more years from decision to go ahead to the stage where divers actually enter the water. Hallin provides clients with safe, professional and cost effective solutions by combining innovative approaches and new technology with time proven techniques.