DeepOcean Bags Australian Trenching Contract

DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding AS, today announced it had been awarded a trenching contract by Subsea 7 on the Chevron-operated Gorgon Project in Australia.

DeepOcean will be responsible for the project management, engineering and associated trenching works of approximately 70 kilometres of main umbilical for the Gorgon and Jansz-Io field developments. For this work scope, DeepOcean will utilise the T1 trenching spread to be mobilised on to a Subsea 7 provided vessel. Offshore works are scheduled to commence early 2013.

Tony Stokes, Director of Asia Pacific for DeepOcean, states, “We look forward to a successful trenching campaign and are very pleased to cooperate with Subsea 7 on such a momentous project. The award for the Gorgon Project demonstrates the demand for DeepOcean’s trenching technology building on our extensive track record with Subsea 7 globally and further complements our most recent trenching projects in Australia.”

The Gorgon Project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and Chubu Electric Power (0.417 percent).

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Press Release, December 24, 2012