This is a large project and will require full focus from all involved departments, in terms of technical complexity and on time delivery, which we always have focus on.

The project itself is already started, and installation is scheduled for Q2, at selected shipyard in Far East, before sea-trials and delivery of vessel late summer 21. Contract value around 30 million NOK.

Being able to close a contract of this size in todays pandemic is a great achievement. This system is designed for operation with 45Ton SWL in active heave compensation mode, and enables operation with both ROV(Remote Operated Vehicle) and Trencher(Subsea). It also comprises a containerized hydraulic system, and a container with Evotec automation and control system. This contract together with existing contracts gives us good utilization of our engineering department and in our fabrication, lasting till early fall 21.