VESSELS AND OTHER OPERATING ASSETS
−Removed: As of December 31, 2022, our fleet included 27 owned vessels, eight IRSs, three SILs, the ROAM, 15 marketable P&A systems (with the ability to scale up to 20 systems), six coiled tubing systems, 41 ROVs, seven trenchers and the IROV boulder grab.
−Removed: We also had six vessels under time charter agreements.
+Added: As of December 31, 2023, our fleet included 26 owned vessels, eight IRSs, three SILs, the ROAM, 20 P&A systems, six CT systems, 39 ROVs, seven trenchers and the IROV boulder grab.
+Added: We also had seven vessels under time charter agreements.
All of our chartered vessels and 11 of our owned vessels have DP capabilities specifically designed to meet the needs of our customers’ offshore activities.
11 unchanged sentences
9 liftboats, 6 OSVs, 3 DSVs and 1 crew boat (7)
−Removed: 15 marketable P&A systems and 6 coiled tubing systems
+Added: 20 P&A systems and 6 CT systems
39 ROVs, 7 Trenchers and the IROV boulder grab (4), (8)
3 unchanged sentences
Shelia Bordelon (5)
+Added: Glomar Wave (5)
(1) We maintain our vessels in accordance with standards of seaworthiness, safety and health set by governmental regulations and classification organizations.
5 unchanged sentences
(5) Vessel under time charter agreement.
−Removed: (6) Served as collateral for surety bond related to one campaign offshore Nigeria.
−Removed: Security interest was released in January 2023.
(6) We own a 50% interest in the ROAM and three of the IRSs.
−Removed: The two recently acquired deepwater IRSs have not yet been placed in service.
+Added: One of the two deepwater IRSs has not yet been placed in service.
(7) DP capabilities are only applicable to five OSVs.
(8) Average age of our Robotics assets is approximately 11.4 years .
−Removed: One of the recently acquired trenchers has not yet been placed in service.
+Added: One of the trenchers has not yet been placed in service.
We incur routine dry dock, inspection, maintenance and repair costs pursuant to applicable statutory regulations in order to maintain our vessels in accordance with the rules of the applicable class society.
−Removed: In addition to complying with these requirements, we have our own asset maintenance programs that we believe permit us to continue to provide our customers with well-maintained, reliable assets.
+Added: In addition to complying with these requirements, we have our own asset maintenance programs that we believe help us to continue to provide our customers with well-maintained, reliable assets.
Our corporate headquarters are located at 3505 West Sam Houston Parkway North, Suite 400, Houston, Texas 77043.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.