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ROV NEWS: Hallin Marine places £3 million order for ROVs to meet demand

Posted on 27.10.2006 - 18:59 EDT in ROV NEWS by Rons_ROV_Links

Hallin Marine places £3 million order for ROVs to meet demandHallin Marine has taken delivery of its fourth Remote Operated Vehicle and it has immediately joined the company's other three systems in going to work for Hallin's clients.

Hallin, the AIM quoted provider of subsea solutions to the oil and gas industry, has been impressed with the operation of the ROVs and has taken up its options on two new systems from the same manufacture which, when delivered, will bring its fleet up to six.

Hallin Marine UK Ltd, a wholly owned subsidiary of Hallin Marine Subsea International PLC, ordered four state of the art ROVs in February this year at a cost of £6.5 million.

Delivery of the systems, two heavy duty construction class Quantums and two work class Quasars, commenced in August and the final system has just been commissioned and delivered to Hallin from the Newcastle factory of leading ROV manufacturer SMD Hydrovision Ltd.

The final ROV from the initial order is Quasar 2 and it immediately went to an offshore construction project installing anode skids on a three month-long contract.

The value of contracts gained to date for the ROVs is in excess of £5million.

The company has now taken up its options for two more work class Quasars at a cost in the region of £3 million for delivery by the third quarter of 2007.

Mike Arnold, Hallin Regional Managing Director, who opened the UK operation in February this year, is delighted the way the ROVs have been accepted by clients.

Mr Arnold said: "Potential clients showed a high level of interest when we announced the investment in these high specification systems. That interest was quickly turned into orders and every system, after commissioning and delivery to Hallin, immediately commenced offshore operations for clients.

"We are delighted that these clients shared our vision and supported our lead in creating an ROV division for Hallin Marine based here in the UK. The division has made an excellent start and we will continue to develop our relationships with both existing and new clients.

"It has become obvious that the demand for our services and systems stretches much further than the North Sea and the additional systems will enable us to expand our business to other geographic areas."

October 19, 2006

Hallin Marine

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