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    CTC to sell Ocean Challenger

    News // September 6, 2005

    Seabrokers reports that Subsea Contractor CTC Marine Projects, based in Teesside, UK, is likely to sell Ocean Challenger to District Offshore (DOF) towards the end of this year.

    Seabrokers said CTC wanted to emphasise that all obligations entered into with this vessel will be completed as contracted prior to handover.

    "CTC has for some time been reviewing and optimising its fleet with the objective
    of having vessels which can support its variety of trenching installation spreads
    throughout the year in all weather conditions," said Seabrokers.

    Ocean Challenger has supported this transitional phase in the company’s diversification from the cable industry to the plans to secure and operate four multipurpose vessels for the 2006 season, which will be focused on supporting its framework partners and the general trenching installation market.

    CTC has framework agreements in place for trenching and ploughing services with both Stolt Offshore and Subsea 7 and in addition are currently working
    directly with BP, Statoil and Shell.

    The vessel, built in 2000, will be engaged by Geoconsult AS as an ROV and construction support vessel.

    The Bergen based survey company was recently acquired by DOF.



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