Hallin Marine, the AIM quoted provider of subsea solutions to the oil and gas industry, announces it has received a Letter of Intent from oil operator major ConocoPhillips Indonesia for Inspection Repair and Maintenance Programme (IRM) with a budgeted value of US$9.8 million.
The award from ConocoPhillips Indonesia, a subsidiary of Houston based ConocoPhillips, is to conduct platform and pipeline inspection in 80-100m depths of water in the West Natuna Sea, offshore Indonesia.
Hallin will provide a Dynamically Positioned Survey Vessel complete with Workclass Remote Operated Vehicle and Survey/Inspection equipment together with skilled survey personnel to carry out the contract.
The offshore inspection program is scheduled for two campaigns; the first commencing in the third quarter of 2007 and the second scheduled to commence the first quarter of 2008.
Jon Attenburrow, MD of Hallin Marine East division, said: “We are pleased to have been awarded the inspection program and the award reflects on the efforts of our Indonesian office in achieving our first contract with major client ConocoPhillips Indonesia. The project builds on our continued development of the groups ROV and Survey capabilities”.