This is really looking HUGE ! (pic of the other side)
[2009.01.13] VIKING POSEIDON DELIVERED
Viking Poseidon left Ulsteinvik to be fitted out with a 250-tonne offshore crane just before Christmas. Tuesday 13 January the vessel was delivered to Eidesvik Offshore.
- The shipowning company is already very enthusiastic about the vessel, and they have great expectations for the ship. We took her around Stadt, a very rough sea area along the Norwegian coast, and the wind reached hurricane strength. The vessel is very good in rough conditions, says Ulstein Verft sea trial captain and manager for the aftermarket department Frank Strandebø.
The hurricane made waves to around 12 meteres, and the vessel showed great seakeeping qualities. - We hardly noticed the rough sea. We really got to confirm that the ULSTEIN X-BOW® functions according to its intentions, says Strandebø.
Operations in Mexico Viking Poseidon is signed up for a long-term contract with Veolia ES Special Services Inc. (USA). The ship will be a base for advanced ROV vehicles that will inspect and repair offshore installations in the Gulf of Mexico. The contract is for eight years with options.
Modern construction vessel Viking Poseidon is 130 metres long and 25 metres wide with a deck area of approx 1500 m2. She will be fitted out for 106 persons and will, amongst other things, be equipped with a ROV garage, helideck and a diesel electric propulsion system.
HOUSTON, April 11 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has shipped the second of what is believed to be the deepest class rated Launch and Retrieval System ("LARS") in the world.
The 4,000 meter rated LARS was specially designed for subsea load handling, lifting and tensioning, and launch and retrieval of specialized undersea equipment, including Remote Operated Vehicles ("ROV"), in ultra-deep and harsh subsea environments. Special functions include auto-variable speed control (load dependent), wire spooling and guide systems, grooved drums, emergency release capabilities, gravity lowering, emergency hoisting abilities, and a water-cooled drum to reduce heat on the umbilical. The safe working load of the LARS is 28 tonnes, and the system is capable of delivering payloads at speeds of up to 76 meters per minute. Another unique feature of this LARS is the specially designed wraparound level wind sensor system which allows for more sensitive yet smoother operation in rugged, high-load, ultra-high deepwater applications. At the customer's request, Deep Down was storing the system at its facilities in Channelview until a vessel was ready to receive it.
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.
The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com,http://www.electrowaveusa.com and http://www.makotechnologies.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
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