Otto Marine extends services into North America - JV acquires DMT EmeraldNews // July 27, 2010
Otto Marine Limited has expanded to the US market with Otto Marine’s wholly owned subsidiary Surf Subsea Pte Ltd taking a 19.2 per cent stake in the US-based joint venture company SURF Subsea Inc.
SURF procured a 292ft Class 2 DP MSV from a liquidator worth US$55 million. The capability of the vessel allows the Group to enter into subsea and offshore construction works in addition to its current seismic activities, thereby creating more growth opportunities for its new business arm - Specialized Offshore Service.
The US-registered vessel, DMT Emerald, is equipped with a 100 tonne knuckleboom crane, a 100 tonne heave compensated, multi-purpose lifting tower and a 23ft x 27ft moonpool.
Furthermore, this vessel can comfortably accommodate 73 people and is outfitted
with 2x 150hpp, 10,000ft depth rated Triton XLS work class ROVs and a helideck (Sikorsky 76 rated).
Its comprehensive fittings enable it to carry out field development works, flying lead
installation, umbilical installation and various light to medium subsea construction tasks.