Deep Sea Supply Announces Multiple Contract Awards
Deep Sea Supply is pleased to announce multiple contract awards with an international major subsea contractor for a total duration of approximately 1000 vessel days. The three PSVs of PX105 design "Sea Spider", "Sea Springer" and "Sea Spark" have been awarded contracts for ten, ten and four months, respectively. The AHTS "Sea Lynx" has been awarded a contract to be performed in two phases; first phase 40 days and second phase 250 days.
Commencement is expected to be November 2014 for the three PSVs and phase 1 for "Sea Lynx" and May 2015 for phase 2 for "Sea Lynx". In addition to the firm periods described, the contracts also contain option periods. The PSVs "Sea Spark", "Sea Spider" and "Sea Springer" are 50% owned by Deep Sea Supply Plc through Deep Sea Supply BTG BV, and the AHTS "Sea Lynx" is 100% owned by Deep Sea Supply Plc. Limassol, 22 September 2014 Deep Sea Supply PLC This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)