Hallin Marine Subsea International plc secures USD20m IRM deal in Java Sea, Indonesia

Posted on: Fri, 11 Sep 2009 05:52:00 EDT


Symbols: HLNMF
Sep 11, 2009 (M2 EQUITYBITES via COMTEX) --
HLNMF | Quote | Chart | News | PowerRating -- Subsea solutions provider Hallin Marine Subsea International plc
(LSE:HMS) declared on Thursday the receipt of a subsea Inspection,
Repair and Maintenance (IRM) contract valued at USD20m.

The contract was awarded by Pertamina Hulu Energi ONWJ Ltd, a
subsidiary of Indonesia's state-owned energy company. The client may
also call on a variety of options for extra, chargeable call-off work.

Under the contract Hallin's flagship subsea operations vessel 'SOV
Ullswater' will be deployed in the Java Sea, Indonesia, and Hallin will
provide subsea inspection, repair and maintenance for 34 offshore oil
and gas platforms and associated pipelines and subsea infrastructure.

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