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Hallin's 'New' Vessel Goes Straight to Work

Singapore, (Apr. 30, 2010) — With the ink barely dry on the purchase agreement, the latest recruit to the Hallin fleet, the Penrith, has started work on a new contract.

The one-year-old, DP2, offshore support vessel is equipped with an air diving system, two inspection class ROVs, divers, operators and crew, and has commenced work offshore Indonesia.

Working for PT Pertamina Hulu Energi ONWJ Ltd, Hallin is tasked to carry out the inspection, repair and maintenance to subsea infrastructure and structures.

The $6.5-million contract will last for more than three months, and project management will be carried out from Hallin's offices in Jakarta.

Rik Zwinkels, Hallin East Division's Managing Director, said, "We are pleased that the Penrith is starting its new life with an excellent contract that builds on Hallin's success offshore Indonesia and our investment in our office in Jakarta.

"Being able to put together a package of all Hallin-owned assets and staff means we can react quickly and be flexible to ensure we exactly meet the client's requirements for pretty much any project."

Hallin Marine is a provider of integrated subsea solutions to clients in the oil, gas, nuclear and renewable energy sectors across the world. The Group was founded in 1998 by CEO John Giddens, who has overseen growth from a turnover of $1 million in its first year to $139.9 million in 2008. It was purchased by Superior Energy Services in January 2010.

Hallin's broad range of offerings includes the latest saturation diving systems, remote operated vehicles (ROVs) and purpose-designed support vessels, as well as state of the art design, engineering and manufacturing capabilities. Work undertaken typically comprises the design, installation, construction, maintenance, repair or survey of equipment required to transport oil and gas from the seabed. The Group's focus is on the design and delivery of unique, cost-effective and fit-for-purpose solutions that meet the demands of its blue-chip client base. Visit Hallin Marine Subsea International.

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.