Royal IHC has entered in to a Memorandum Of Understanding with Canyon Offshore, a U.K. subsidiary of Houston-based Helix Energy Solutions Group, to work towards an exclusive arrangement to jointly bring the Hi-Traq trenching vehicle to the market.
Upon conclusion of the agreement between the parties, Canyon would have the exclusive right to use the first Hi-Traq M1600, an asset built for both mechanical cutting and jetting operations.
“The modular asset would be available either as a standalone trenching spread on a client asset (vessel or barge for shallow water operations) or on board one of Canyon’s class leading construction and trenching support vessels,” IHC said in its release.
The Hi-Traq vehicle has recently completed onshore cutter testing and is entering final commissioning prior to being mobilised for sea trials.
Alongside the co-operation to jointly market Hi-Traq, IHC will be providing further services to Canyon including engineering, modifications and upgrades to existing Canyon equipment.