Triton, Marin Subsea Enter into Provision and Operation Agreement (USA)

Triton, Marin Subsea Enter into Provision and Operation Agreement (USA)

Triton Diving Services, LLC (TRITON) has entered into an Exclusive Alliance Agreement with Marin Subsea Ltd, a company of the Marin Group (MARIN), for the provision and operation of mass excavation and other services for the oil and gas industry in the Gulf of Mexico region.

TRITON, headquartered in Metairie, Louisiana USA, is a leading offshore commercial diving services provider with concentration in the Gulf of Mexico. Triton’s best-in-class safety record and dedication to servicing its clients have earned TRITON its reputation for providing high quality operations with incident free performance. With its fleet of six dive support vessels, approximately 200 professional divers, and offices in Metairie and Amelia, Louisiana and Houston, Texas, Triton provides decommissioning, maintenance, inspection, repair and other services to major and independent operators in the offshore oil and gas market.

MARIN is a full ocean depth subsea intervention specialist headquartered in Aberdeenshire, Scotland, and operates across Asia Pacific, North and South America, and the Middle East.

The Alliance brings together TRITON’s superior diving competencies along with MARIN’s deep-water excavation and troubleshooting expertise to offer oil and gas clients in the Gulf of Mexico a broad spread of technical support and operational excellence. MARIN provides and operates limitless ocean depth hydraulically operated and water driven equipment and continues to design and develop its arsenal of cutting edge technology for use the oil and gas sector.

George Stroud (CEO) of MARIN commented, “The Alliance Agreement delivers the fantastic opportunity to provide our specialist skills and equipment to the Gulf of Mexico. The MARIN-TRITON Alliance will ensure MARIN remains the leader in the specialist subsea market for decommissioning projects, mass flow excavation, clay cutting and asset recovery. MARIN’s equipment and specialist skills coupled with TRITON’s proficiency to execute complex subsea projects will provide a ‘one-stop shop’ for mass flow, “high volume excavation” (HVE), asset recovery and other specialized needs of our clients.”

TRITON’S President/CEO Mark Jeansonne stated: “This Alliance places us in a very exciting position. TRITON and MARIN share a philosophy and an operational synergy and our clients will reap the benefits. The Alliance furthers TRITON’s pursuit to provide technological solutions to the subsea needs of its clients. We have identified mass flow HVE and asset recovery as needed services in the Gulf of Mexico region. Our Alliance with MARIN to provide these and other services are targeted to reduce our clients’ cost of ownership”.

MARIN has staged specialized equipment for mobilization from TRITON’s Amelia, Louisiana base, including a selection of Evo-JetProp FOD high-volume excavation and jetting tools, along with specialists and equipment for debris removal and recovery technology. The Alliance ensures a full array of equipment and services to meet current and future needs of oil and gas producers and operators.

Press Release, August 03, 2012

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