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ODIM has signed a letter of intent worth NOK 210 million

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(Hareid, 27 March 2009): ODIM has signed a letter of intent with an international customer regarding delivery of a system worth about NOK 210 million. The system includes automated handling solutions which supports maintenance of subsea wells. The project is due for delivery by the end of 2010.

- Some technical details and board approval remains, but we expect to confirm final contract on the system shortly, comments CEO Jogeir Romestrand.