Odim Wins Subsea Contract from Allseas

Odim AS has secured a contract from Allseas Group covering the delivery of three automated handling systems for remotely operated vehicles (ROVs).

Worth roughly NOK 35 million, the contract has been awarded by Societe d'Explitation d`Equipement Offshore SA, a subsidiary of the Swiss group. The three Odim LARS (Launch And Recovery Systems) will handle remotely operated vehicles being used in water depths close to 4 000 meters.

"Allseas Group is one of the world's largest players in offshore pipe laying and construction work. It owns and operates some of the biggest vessels used in its sector. With this contract Allseas has ordered totally seven Odim LARS from Odim. This confirms our strong position in the high-end market of handling remotely-operated vehicles," said Lidvard Liaset, Vice President - Subsea.

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.