ST. Johns, Newfoundland and Labrador, March 30, 2022 (GLOBE NEWSWIRE) — Pan Geo Subsea, a wholly owned subsidiary of Canada’s Ocean Company ™ Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF). Announced the award. His Couvillion Group, with a $ 5 million Acoustic Corer ™ contract in the Gulf of Mexico, has issued this decommissioning project to PanGeo to begin in the second quarter of 2022. This 90-day campaign is the largest Acoustic Corer ™ project we have ever undertaken.
In 2004, an offshore jacket collapsed due to a landslide caused by a storm. The jacket is placed on the seabed underwater at 150 meters, with the conductors on the seabed buried under 60 meters of mud. PanGeo uses high-resolution subseafloor imaging technology to identify where conductors are located in the debris field and provide valuable information that enables plug planning and well abandonment.
In addition to this debris survey, PanGeo recently issued a multi-million dollar Acoustic Corer ™ campaign (50 days) targeting offshore wind farms in the Baltic Sea that image subseafloor rocks. Reduces the risk of pile rejection.
Other technologies in the PanGeo service portfolio include the ROV-equipped Sub-Bottom Imager ™ and the remote-controlled tow vehicle SeaKite ™. These technologies acquire subseafloor 3D acoustically synthesized aperture sonar with a resolution of 10 cm or higher.
Moya Cahill, CEO of Pangaion, said: The team completes a complete site survey of the debris field. “
Timmy Couvillion, CEO of the Couvillion Group, said:
Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is a marine technology company specializing in the manufacture and sale of software-centric sensors, underwater batteries and thrusters, and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, the United States, Germany, Denmark and Brazil. In July 2021, Kraken acquired PanGeo Subsea, a leading service company specializing in undersea high-resolution 3D acoustic imaging solutions. With offices in Canada, the United States and the United Kingdom, PanGeo is now a wholly owned subsidiary of Kraken. Kraken is ranked among the top 100 marine technology companies by the Marine Technology Reporter.
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Pan Geo Subsea of the Kraken Robotics Company received a $ 5 million decommissioning campaign from the Couvillion Group of the Canadian Business Journal.
Source link Pan Geo Subsea of the Kraken Robotics Company received a $ 5 million decommissioning campaign from the Couvillion Group of the Canadian Business Journal.