Fugro Subsea Services has reached agreement to form a strategic partnership with Cal Dive International, Inc., headquartered in Houston, Texas for the long-term charter of the DP2 Toisa Paladin, a 2007 purpose built, diving support vessel.
The charter has a three-year term plus two six-month extension periods. The partnership will bring together the expertise of both companies to jointly pursue the growing number of subsea projects to provide construction support, diving, ROV and other services to the offshore energy industry. The Toisa Paladin is currently working on its first project in Malaysia through Fugro TSM and will immediately continue on a second contract through Cal Dive with a major international oil and gas operator. This will keep the vessel utilised through the end of the year.