Sonardyne Logs Order
The U.S. Naval Sea Systems Command (NAVSEA) tapped Sonardyne to supply multiple Sentinel sonar heads for the new Integrated Swimmer Defense System led by the Program Executive Office, Littoral Mine Warfare (PEO-LMW PMS480). In addition to the equipment provision, Sonardyne has also been awarded a contract related to the integration and deployment of Sentinel systems as part of an expeditionary warfare requirement. The contracts are valRecovering ued in excess of Sentinel. $1m.
million as of December 31, 2007." A competitive front end engineering design program is underway to evaluate the SMT and the RALS integration requirements for the various mining production vessels under consideration. This will allow competing
Mining Services contractors to finalize their outstanding tender clarifications. Nautilus proposes to select the vessel and Mining Services contractor in Q2 `08. Nautilus remains on track for production at its Solwara 1 Project in Q3 2010.
$116m Contract for Nautilus's Solwara 1
Nautilus Minerals Inc. awarded a $116m target price contract to Technip USA Inc., to provide engineering procurement and construction management (EPCM) services for the Riser and Lifting System (RALS) components of its deepwater seafloor massive sulphide extraction system, comprising: subsea pumps; riser pipe; riser handling system; and associated deck equipment. David Heydon, Nautilus' CEO said: "With the award in December 2007 of the Seafloor Mining Tool contract to Soil Machine Dynamics Ltd. together with (contract) for the RALS, Nautilus' total capital commitment to date on the mining system is approximately $186 million. This expenditure is covered by our cash in bank of approximately $310
www.seadiscovery.com Marine Technology Reporter 11
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