Canyon Offshore Strikes Trenching Pact with Royal IHC

Royal IHC has entered into a memorandum of understanding with Canyon Offshore, a UK subsidiary of Houston-based Helix Energy, to work towards an exclusive arrangement to jointly bring the Hi-Traq trenching vehicle to the market.

Upon conclusion of the agreement between the parties, Canyon would have the exclusive right to use the first Hi-Traq M1600, an asset built for both mechanical cutting and jetting operations. The modular asset would be available either as a standalone trenching spread on a client asset (vessel or barge for shallow water operations) or on board one of Canyon’s class leading construction and trenching support vessels.

The Hi-Traq vehicle has recently completed onshore cutter testing and is entering final commissioning prior to being mobilised for sea trials.

Alongside the co-operation to jointly market Hi-Traq, IHC will be providing further services to Canyon including engineering, modifications and upgrades to existing Canyon equipment. Additionally, both companies will collaborate to utilise existing and new assets to extend the range of services offered from both businesses, involving a wider scope of equipment pushing the businesses forwards in both current and diversified markets.

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >