From what I can read on the Internet…..
TS Marine didn’t lose the contract as such. The contract they had with Deepocean didn’t proceed and therefore a mutual arrangement was reached between TS Marine and Deepocean.
The original work was offered in India by Reliance Industries with Deepocean being awarded the contract.
Deepocean needed a boat and work class ROV’s for the project hence the introduction of TS Marine with the Rem Etive with it’s dual built in workclass systems.
A while back Deepocean issued a statement into the public domain to the effect that they could not negotiate terms with Reliance Industries without exposing themselves to an unnaceptible level commercially. For a more detailed take on this see http://www.newsweb.no/index.jsp?messageId=164644&lang=1
So, Deepocean chose not to proceed with the contract, to protect their interests. So they didn’t lose the contract either.
This then meant that TS Marine’s involvement, i.e. the Rem Etive c/w ROV’s was no longer required for that particular project by Deepocean. TS Marine issued a statement to that effect last week, also now in the public domain.
See: http://www.oilport.net/news/article.asp?Id=9257
As to who has the contract now? Anyone’s guess. I can’t find anything on-line about it at the moment. No doubt Ron (our resident news hound) will pull something out of the hat at some point.
I heard Canyon.. you say Fugro… Rumour control takes over from here until such times as a statement is issued.
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