Delta Subsea charters HOS Bayou

SEPTEMBER 24, 2014 — Montgomery, Texas, headquartered Delta SubSea, LLC reports that it has entered into an agreement with a subsidiary of Hornbeck Offshore Services, Inc. (NYSE:HOS) for the HOS Bayou, one of Hornbeck's recently constructed 300 class HOSMAX DP-2 multi-purpose service vessels (MPSVs).

The HOS Bayou is the newest U.S.-flagged Jones Act-compliant MPSV on the market today. Equipped with two Delta SubSea Schilling HD 150 HP work-class remotely operated vehicles (ROVs) from DSS's fleet of ROVs, the HOS Bayou is capable of performing inspection, maintenance and repair (IMR) of subsea oil installations and construction support in the Gulf of Mexico (GoM). In addition to IMR work, this vessel package is designed to perform a variety of deep-water services, such as SURF installation, decommissioning activities, drilling support and deep-water well intervention projects.

"The securing of the HOS Bayou is the culmination of 14 months of ambitious growth for Delta SubSea," said Scott Dingman, DSS's President – CEO. "With this first vessel, we have laid the foundation for our up and coming IMR vessel fleet, while advancing our vision of providing clients with best-in-class, full-service subsea solutions for their deepwater needs. We are very excited to be working with the team at Hornbeck Offshore and believe that this relationship will strengthen our already established position in the deepwater ROV market place."

Delivered earlier this year by Eastern Shipbuilding, the HOS Bayou has a maximum speed of 12 to 14 knots with fuel consumption of 208 gallons per hour and is equipped with a 150-ton MacGregor knuckle-boom crane with active heave compensation (AHC) and a maximum lifting capacity of 48 tons at water depths of 10,000 ft. The vessel also comes equipped with a 73-ft. diameter helideck and has 24 air conditioned/heated staterooms for 70-person berthing. For client comfort and workability, the vessel is equipped with an expansive ROV-client viewing lounge equipped with oversized monitors for both ROV systems and survey services.

Delta SubSea (DSS) describes itself as a leading integrated independent provider of ROV services and solutions, consulting & engineering, and tooling solutions for the subsea oil and gas industry. Delta SubSea’s ROV fleet is focused on solutions for customers in the inspection, repair and maintenance, construction, drilling and decommissioning market segments. DSS’s Consulting & Engineering Division provides customers with services including: project management, subsea project support, subject matter experts and client representation for diving/ROV/subsea construction. DSS Tooling Solutions provides competencies in ROV, remote intervention systems, subsea robotics, and special tooling. DSS Tooling Solutions services range from engineering and manufacturing to assembly, testing, training, operation and maintenance.

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