Hallin Marine, the AIM quoted provider of subsea solutions to the oil and gas industry, announces it is expanding the number and the scope of its fleet of Remote Operated Vehicles (ROVs) with an order for seven new vehicles.
Aberdeen based Hallin Marine (UK) Ltd has placed the US$5.4 million order to extend its subsea inspection capabilities. All seven of the ROVS are designed to operate in the Inspection, Repair and Maintenance (IRM) market.
The new vehicles will complement the Company’s existing six ROVs, which are “construction” or “workclass” machines – physically larger, hydraulically operated and more heavy duty than electric inspection ROVs and designed for subsea construction, rather than observation.
The new machines are scheduled for delivery during the first quarter of 2008 and consist of three different models from the Saab Seaeye Marine range:
- 3 containerized Seaeye falcon systems, 350m depth rated
- 2 containerized Crane based LARS Seaeye Lynx systems,1000m depth rated
- 2 containerized A frame based LARS Seaeye Lynx systems 1600m depth rated
Saab Seaeye Marine will be supplying the ROVs, Hydromec in Great Yarmouth the launch and recovery systems, while Hallin Group company Hallin Marine Engineering Pte Ltd is building the containerised control desks in Singapore.
Mike Arnold, MD of Hallin Marine (UK) Ltd, said: “During the last year we have successfully established our presence as an ROV operator in the oil and gas subsea industry with our construction and workclass vessels.
“Our clients now want us to help with their subsea inspection requirements and we have placed orders for excellent, cutting edge vehicles that will ensure we are equipped to handle a variety of IRM work scopes.
“We are confident that, like our other ROVs, these new inspection vessels will go straight to work when they arrive. These additions will increase our flexibility and give our clients a wider choice of services from an independent supplier.”
Hallin Marine was formed in 1998 to provide high quality marine and underwater services to the offshore industry, particularly in support of Oil & Gas development. It has grown from a US$1 million turnover company in its first year to a US$38 million turnover company in 2006. Hallin Marine was admitted to AIM in April 2005.
The Company is an experienced provider of subsea construction and inspection solutions. It employs experienced subsea engineering staff to manage projects using: support vessels; saturation diving systems; air/mixed gas diving spreads and remote operating vehicles (ROV). The Company owns the principal operating assets of diving systems and ROVs.
Hallin’s expanding operations cover: South East Asia; India; China; Africa; the Middle East; the USA; Russia and the UK. The company is divided into two operating areas: the West, operated from Aberdeen, Scotland; and the East, based in Singapore. An engineering design centre is located in the UK at Malton, North Yorkshire.
Typically the work undertaken by the Group comprises the installation, construction maintenance, repair or survey of equipment on the seabed. Most of the projects are planned well in advance and Hallin’s role is that of a key contractor, often working as part of a larger team. The largest projects may take two or more years from decision to go ahead to the stage where Hallin’s staff or equipment enters the sea. Hallin provides clients with safe, professional and cost effective solutions by combining innovative approaches and new technology with time proven techniques.