DeepOcean Wins New Diavaz Contract

DeepOcean has been awarded a new contract from the contractor Diavaz in the Gulf of Mexico for the charter of Bold Endeavour for 26 months as from June 2007. The value of the contract is approximately NOK 250 million.

The vessel has already been working in the Gulf of Mexico for one year for Pemex/Diavaz under a contract with DeepOcean. DeepOcean has a long term charter arrangement with the owner Solstad Offshore and will as part of the new contract increase the passenger capacity onboard to 199 persons. In addition, Diavaz will install a new crane onboard the vessel as part of a new contract they have won for Pemex to do repair and maintenance work in the Gulf of Mexico.