Oceanteam signs LOI with SMD Hydrovision for a Heavy Duty 3m Plough

Oceanteam Power & Umbilical ASA announced today that it has signed a Letter of Intent with SMD for a technologically advanced Heavy Duty Power Cable & Umbilical Plough. Delivery will be in October 2007. The plough has the capacity to bury umbilical or cable to a depth of 3m in a large range of soils.