Belgium: GeoSea, Barge Master Ink Cooperation Agreement

GeoSea NV and Barge Master BV have signed a cooperation agreement for the testing and deployment of the first S700/C400 Barge Master platform.

The S700/C400 Barge Master is a motion compensation platform that compensates up to 95% of sea-induced motions. The platform can be installed on a supply vessel or barge and has a payload capacity of 700 mT. Vessels equipped with a Barge Master platform are able to perform safer, quicker and under more adverse sea conditions.

GeoSea is a leading offshore and geotechnical contractor. In its continuous search for innovation GeoSea believes that the use of a Barge Master system will be beneficial to their offshore supply methodologies it uses for offshore projects and therefore will benefit their customers.

This August the first Barge Master platform was installed on a flat top barge and in September it will be fully tested at the North Sea. Subsequently, the platform will be used by GeoSea for various projects including offshore wind farm construction projects.

[mappress]

Press Release, September 3, 2012