Canyon Offshore Enters Trenching Agreement

Canyon Offshore has signed a three-year Frame Agreement with Coflexip Stena Offshore Norge AS (CSONOR) to provide trenching services supporting CSONOR’s installation activities in Norway. The agreement is also open to all Technip-Coflexip entities worldwide. The primary equipment engaged under this agreement will be Canyon’s new Triton 750 Trencher, currently being manufactured by Perry Slingsby Systems Ltd. at their Kirbymoorside facility in the United Kingdom.

The system delivers 750 horsepower, weighs in at 23 metric tons, is capable of producing 3-meter trench depths and operates in soil strengths up to 125 kPa. The system will be delivered to Canyon in May 2003 and will undertake extensive sea trials in June. The first scheduled project under the new agreement with CSONOR is Norske Hydro’s Fram Vest program in July 2003. The scope will include the burial of one rigid gas injection flowline, one rigid production flowline and a service umbilical tied back to the Troll C platform in the Norwegian sector of the North Sea. Canyon will provide a complete trenching spread including the T750 Trencher and personnel, survey and positioning services and a work class ROV, all operating from Canyon’s ROVSV Northern Canyon.