Seafloor Geoservices Awarded Contract for Rovdrill

Wednesday, July 14, 2010

Seafloor Geoservices Inc (SGI), part of the Triton Group has entered into a deal with TSmarine to supply their new generation remotely operated seafloor geotechnical system for use in one of the world's largest mineral survey projects.

The Rovdrill 3 system has been selected for the Nautilus Minerals 2010 seafloor massive sulphide (SMS) drilling programme in the Bismarck Sea, off Papua New Guinea .

Rovdrill 3, is a third generation remotely operated seafloor drilling system, with full geotechnical sampling and in-situ data acquisition capabilities, including the capability to drill 75mm core holes in excess of 100 metres deep.

The drilling programme will focus on improving the resource and geotechnical understanding at Nautilus Minerals' Solwara 1 Project, as well as scout drilling at other prospects on the company's 100% owned tenements in the Bismarck Sea.

Allan Spencer, general manager of SGI said:
'We are delighted with the award of this contract which represents a significant milestone in the development of Seafloor Geoservices Inc as a world class provider of deepwater geotechnical sample and data acquisition services.

'The agreement marks a very positive step forward for the application of seafloor based geotechnical drilling and sampling as a rapidly emerging technology in the broader subsea exploration and construction industries.'

TSmarine will provide the vessel, operating crew, remotely operated vehicles and drilling equipment.

John Edwards CEO of TSmarine said:
'We are pleased to enter into this contract with SGI who have been at the forefront of seabed based drilling technology for some time. We are confident the Rovdrill will provide our customers with the results required in the harshest of environments.'

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