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    Torch secures long-term contract for Midnight Arrow

    Contracts, Tenders and Rates // August 10, 2001
    Torch Offshore, the offshore construction and pipelay company, has announced that it has secured a long-term contract for the Midnight Arrow in Mexican waters.

    The Midnight Arrow has been working in the Bay of Campeche, Mexico, for Pemex, through a Torch/Oceanografia commercial agreement since May, and is now committed until the end of December 2001. The contract covers diving support services.

    Built in Europe, this new DP-2 vessel has enjoyed a high level of utilisation since its arrival in the Gulf of Mexico in March of 2000, averaging 93.5 per cent utilisation since that time.

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