Petro-Canada Charters Two AHTS Vessels from Deep Sea Supply

Deep Sea Supply has entered into new charters with Petro-Canada Trinidad & Tobago Limited for the AHTS Vessels "Sea Wolf" and "Sea Panther" for an estimated period of 6-8 months.

The expected commencement date is approximately October 1, 2007. The total contract value for the two vessels is estimated to USD 15-20 mill. The vessels will go on hire direct from their present charters with EOG Resources. They will continue to operate in Trinidad & Tobago.

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