CTC Finishes Trenching for Kipper Tuna Turrum Gas Project in Australia

Monday, Jan 23, 2012

Darlington, UK – January 23, 2012 - CTC Marine Projects, Ltd. (“CTC” or the Company), part of DeepOcean Group Holding AS, has announced the completion of its trenching work for the Kipper Tuna Turrum Project in the KTT Field located 45 kilometres offshore Victoria, Australia.

The work was undertaken on contract for McDermott Industries (Aust) Pty Ltd. The Company performed trenching of the recently installed hydraulic and electrical umbilicals located in 100 metres of water.

Prior to going offshore in late December 2011, CTC pre-assembled the A-Frame and CMR3 remotely operated trenching vehicle in Bell Bay, Tasmania, following its transportation from the UK. The trenching spread, which when transported weighed 112 tonnes over 10 units, was then mobilised onboard the client-operated vessel DSV Emerald Sea.

Following the completion of this project, the spread has been demobilised and is ready to commence further work in the APAC region.

“This project was another well planned and executed trenching job by CTC”, says Pierre Boyde, Commercial and Business Development Director. “We currently have another trenching spread, the world’s premier ROV trencher UT-1 on our Volantis subsea construction vessel working in South Korea, and we expect to remain active in this important APAC region.”

Source: Deep Ocean