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Big Contract for Young Company
01 May 2006
The Aberdeen based specialist marine and subsea services provider TSMarine (Contracting) Ltd has won a contract worth up to £6.5m only 18 months after forming. The contract with SubSea Resources Plc will see TSMarine provide deepwater salvage support from its vessel MV Geomaster.
The 117m LOA vessel will be used by SubSea Resources to carry out a planned programme of cargo recovery from the 'Celia' project, located in Atlantic waters off the Spanish Coast. As part of the contract a dedicated team of TSMarine personnel will manage the MV Geomaster and facilitate the logistics of the recovery and salvage operation. TSMarine will also provide ROVs and operators.
Mark Gleave, managing director of SubSea Resources Plc said, 'The agreement is the result of much research and hard work and is the most important step for us in terms of our recovery of major cargoes.
TSMarine are experienced subsea contractors and will provide us with a flexible and highly efficient operational resource.'
MJInformation No: 21810
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