DeepOcean's MPSV Arbol Grande Contract Extended

The Mexican subsea contractor company Diavaz has extended the contract for DeepOcean's subsea support vessel MPSV Arbol Grande for one year until June 2007. The vessel, built in 2003, will perform subsea inspection and diving operations for Pemex in the Gulf of Mexico together with three other vessels operated by DeepOcean.

Sonsub Ltd. in Aberdeen has given DeepOcean a contract for the provision of positioning and subsea survey services. The operations will be performed by the vessel Multraship Commander in April 2006.

The two contracts have a total value of NOK 90 million for DeepOcean.