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DeepOcean Wins Subsea Contract
7 August 2007
Norwegian offshore services group DeepOcean ASA said it has won a contract from India's Reliance Industries for the provision of a multi-purpose subsea support vessel, in a deal worth 166 mln usd.
DeepOcean said the announced contract value concerns a fixed three-year period starting in December.
However, the contract also includes two additional one-year options that would, if exercised, increase the total contract value by 118 mln usd.
source: Forbes
Tags : DeepOcean, subsea, Reliance Industries