| CATEGORY: AIM BULLETIN SECTOR: OIL EQUIPMENT, SERVICES & DISTRIBUTION |
Hallin Marine deals to net $4.3m plus |
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Thu 15 Jun 2006
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LONDON (SHARECAST) - Hallin Marine, a provider of subsea solutions to the oil and gas industry, has bagged two new contracts worth a combined value of at least $4.3m, it said today.
The AIM listed group has been awarded a one month contract valued at $2.5m for diving support of a subsea pipeline installation off Thailand for local energy major PTT. The contract may be extended for up to a further two months.
It has also secured a $1.8m underwater repair and maintenance contract with Premier Oil for its gas field off Indonesia.
Hallin secured the base contract for the supply and operation of a DP1 Vessel, a workclass remote operated vehicle, together with intervention services with offshore works, and will start within the next few weeks.
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