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Hallin Expands Fleet with Purchase of Vessel
Singapore, (Apr. 9, 2010) — Integrated subsea contractor Hallin Marine, a Superior Energy Services company, has expanded its fleet with the purchase of the dynamically positioned (DP2) vessel, the Penrith.
Hallin already knows the 220 foot Penrith well, having operated the vessel since its launch in 2008 under a time charter from owners Seacor Marine.
Hallin believes the purchase of the Penrith from Seacor for an undisclosed sum will ensure it has total control of the vessel, allowing it to offer clients competitive vessel packages, including its range of air diving systems, remote operated vehicles (ROVs) and survey equipment.
The Penrith is powered by two MaK Caterpillar diesel engines, which produce 8,000 brake horse power, is ABS classed and has a firefighting capability.
The vessel is fitted with additional equipment to target subsea intervention programs, including increased accommodation for 52, has a 20 tonne subsea crane and additional position reference systems.
Hallin's Marine Management division will operate the vessel, along with the subsea operations vessels the Ullswater, the Windermere, (which is currently being fitted in Singapore following its launch in December last year), and the Sanko Angel.
John Giddens, Hallin's CEO, said, "We know what an excellent vessel the Penrith is after operating it, so we know this is an excellent deal for both Hallin and for our clients.
"It gives us total control of the vessel and, by combining it with our own air spreads and ROVs, all of which are designed and built in-house, allows us to pass on our very competitive cost base to our clients.
"Now that we are part of the Superior Energy Services group, we have the financial ability to do what is right for Hallin and for our clients; the purchase of the Penrith is an early benefit from joining the group.
"Because our new vessel already has the name of an area of the UK's Lake District, we don't even need to change it to make it fit in with the Ullswater and the Windermere!"
About Hallin Marine
Hallin Marine is an integrated subsea contractor providing a range of engineering and subsea services to the offshore oil and gas sector worldwide. The Hallin Group offers customers the technical expertise and a cost-effective capability to complete subsea engineering projects with confidence. Visit Hallin Marine Subsea International.
About Superior Energy Services
Superior Energy Services, headquartered in New Orleans, is the industry's leading provider of specialized oilfield services and equipment focusing on production, intervention, workover, well services and rental tools. Superior employs more than 4,200 people in more than 130 locations in 12 countries worldwide.