Hallin Marine, the AIM quoted provider of subsea solutions to the oil and gas industry, announces it has signed a contract for the Hallin operated vessel the Sanko Angel with a major oil & gas operator.

Under the terms of the contract the vessel will be providing offshore construction support to the client’s oil and gas platforms and subsea infrastructure.

Hallin divers, engineers and technicians will operate saturation diving and Remote Operated Vehicle (ROV) services from the Sanko Angel for part of the duration of the contract. The vessel will also provide accommodation support to the oil major’s offshore crew, utilising much of the Sanko Angel’s personnel accommodation.

The contract commences immediately and is scheduled to run well into the fourth quarter of 2009. The contract value is US$6.5 million with additional service options.

During the duration of the contract the Sanko Angel will be operating in DP2 (Dynamic Positioning Class 2) mode. The 76 metre vessel is a multi-purpose Subsea Operations Vessel (SOV) that has accommodation for up to 120 personnel onboard.

Jon Attenburrow, of Hallin Marine, said: “We are pleased to be able to announce this contract award with a major oil & gas operator and look forward to providing a professional solution for the offshore operations.

‘The flexibility and capability of the Sanko Angel and the Hallin team has allowed us to offer a tailor made proposal for our client.”

Company Background

The Company is an experienced provider of subsea construction and inspection solutions.  It employs experienced subsea engineering staff to manage projects using:  support vessels; saturation diving systems; air/mixed gas diving spreads and Remote Operating Vehicles (ROVs). The Company owns the principal operating assets of diving systems and ROVs.

Hallin's expanding operations cover: South East Asia; India; China; Africa;  the Middle East; the USA; Russia; Australia and the UK.

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