Odim Wins Contract from Arrow Seismic
Odim ASA has been awarded a contract for delivery of automated handling systems for a seismic vessel. The contract from Arrow Seismic is worth about NOK 60 million. It is an execution of an option on a complete system designed to handle 12 streamers.
The contract is for delivery of equipment for Arrow Seismic`s newbuilding No. 534 in Spain, and this is the last of four options for the company. The systems are due to be delivered the summer of 2008.
"The execution of this option proves a continuing activity within the seismic market," commented Idar Hatloy, Vice President - Seismic at Odim. "Odim is proud of the long and good relationship to Arrow Seismic."
Arrow Seismic is a 54% owned subsidiary of GC Rieber Shipping ASA.
Odim ASA is a fast-expanding Norwegian technology
company that develops and sells advanced
automated handling solutions, primarily cable
handling systems and winches for use on offshore
and naval vessels. The company occupies a leading
position in selected market segments, such as
seismic surveying and offshore supply.
Through its subsidiaries in North America, it is
also solidly rooted in the defense sector.
In addition to its established market segments,
Odim will be making a heavy commitment to the
very promising deepwater market.
- Rolls-Royce Acquires More Than 90% of ODIM Shares (Mar 30)
- Rolls-Royce Gets Green Light for ODIM Acquisition (Mar 22)
- Rolls-Royce Launches Cash Offer for Odim (Feb 26)
Company: Arrow Seismic ASA more info
- PGS Notes New Build Contract Termination in Spain (Sep 04)
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- PGS Clarifies on New Builds and Charter Contracts with Arrow, WesternGeco (Jan 26)