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Press Release 16.08.07

Hull Launch of CTC's Volantis

CTC Marine Projects (a subsidiary of DeepOcean ASA) has announced the successful hull launch of the Volantis – the multi-role subsea support vessel due for completion in December 2007.

The vessel, which will be on a 6 year time charter from Volstad Maritime, has been built at the Fosen Mek Verksteder yard in Sweden and will now travel to Fosen’s yard in Rissa, Norway for final outfitting.

The Volantis will support the company’s latest trenching developments, forming part of a new spread that will include a work class ROV, the 2,100kW UT-1 ‘Ultra Trencher’ and a 2,000 tonne lay system.

CTC Marine Projects’ Managing Director Tony Inglis commented, ‘It is great to see this latest phase of the new spread complete and we are very much looking forward to the vessel being in full operation.’

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