DeepOcean new build vessel name announced

DeepOcean ASA's subsidiary CTC Marine Projects Ltd., has announced the name of its new build DP2 class vessel, due to be launched in 2007. The Volantis will form part of a new spread that will include a work/survey class ROV and the UT-1 'Ultra Trencher', which at 2,000KW will be the world's most powerful jetting trencher.

As the leading provider of subsea trenching services and as part of the DeepOcean group, CTC continues the expansion of its asset base. In line with the company's strategy of market leadership through innovation, the new equipment is being designed and built to set an industry benchmark in severe weather operability.

Tony Inglis, managing director of CTC Marine Projects commented, 'This investment represents an important step in an on-going programme to further develop our trenching capabilities. The Volantis will fulfil a key supporting role in the delivery of a market leading service.'

Ends

For further information, please contact Fiona Duckworth, Head of Marketing,
CTC Marine Projects Ltd.

CTC Marine Projects Ltd
Coniscliffe House
Coniscliffe Road
Darlington
County Durham
DL3 7EE
Telephone: 01325 390 500

marketing@ctcmarine.com