Odyssey Marine Exploration, Inc. engages in the archaeologically sensitive exploration and recovery of deep-ocean shipwrecks worldwide. Search Operations Shipwreck search operations are conducted from a research vessel fitted with survey equipment and often with a remotely operated vehicle (ROV). The company’s ships can conduct deep-sea search operations. A search begins with a side-scan sonar survey of the target area, which is paired with a magnetometer survey and multi-beam bathymetric surveys. The interesting anomalies on the ocean floor are then inspected visually with an ROV, which sends real-time video images to monitors on the survey vessel for observation by the scientific and technical teams. These images are also downloaded and saved for additional evaluation ashore. Archaeological Excavation and Recovery Archaeological excavation and recovery operations combine ROVs with positioning systems, cameras and specialized computer hardware and software to record the location of artifacts in situ and to document the entire archaeological process as the artifacts are recovered from a shipwreck site. The company’s ROV pilots are directed by marine archaeologists aboard the recovery vessel. The Odyssey Explorer, a 251-foot Class II dynamically positioning ship, serves as the company’s principal deep-ocean archaeological platform for shipwreck exploration. The centerpiece of the company’s advanced robotic archaeology system is the ROV, which serves as the archaeologist’s eyes and hands in the deep ocean. The company owns two work-class ROVs, nicknamed ZEUS and ZEUS II. Both ROVs have been custom-designed for deep-ocean archaeological survey and recovery operations, including visual inspection, pre-disturbance photographic and video documentation, scientific excavation, and artifact recovery. Deep-Ocean Mineral Exploration The company advances the science of exploration and assessment of seabed mineral deposits. It has a long-term lease on the RV Dorado Discovery, a research vessel custom fitted to conduct deep-ocean mineral exploration. There are three economically significant seabed minerals being explored by the company, including seafloor massive sulphides; phosphorites; and polymetallic nodules. The company provides exploration services, including geophysical and geotechnical assessments of seabed mineral deposits to companies, including its subsidiaries and companies in which the company holds an equity position, as well as governments worldwide as a full-service contractor or as a resource development partner. Operational Projects and Status The company has various shipwreck and other deep-ocean projects in various stages of development worldwide. Atlas Search Project Between 2005 and 2012, the company searched approximately 5,000 square nautical miles of seabed in the western English Channel and the Western Approaches to the Channel, recording approximately 300 shipwrecks. The shipwrecks discovered include site ‘35-F’, the Marquise de Tornay, and HMS Victory (1744), as well as other identified and unidentified shipwrecks. Operations in the ‘Atlas’ search area during 2012 included additional search, inspection, and verification work on various targets, as well as pre-disturbance survey work on HMS Victory. Gairsoppa Project In 2010, the company was awarded the exclusive salvage contract for the cargo of the SS Gairsoppa by the United Kingdom Government Department for Transport. The SS Gairsoppa was a 412-foot steel-hulled British cargo ship that was torpedoed by a German U-boat. During 2012 operations, a total of 1,218 silver ingots, weighing approximately 1.4 million troy ounces, were recovered from the SS Gairsoppa, as well as various artifacts which have been declared to the UKG Receiver of Wreck. Mantola Project The company also awarded the exclusive salvage contract for the cargo of the SS Mantola by the United Kingdom Government Department for Transport. The company Odyssey discovered the shipwreck approximately 2,500 meters beneath the surface of the northern Atlantic Ocean, approximately 100 miles from the SS Gairsoppa shipwreck. Robert Fraser Projects The company has agreements to provide supplementary project research and shipwreck search and survey services for a project code-named ‘Enigma II’ with clients of Robert Fraser Partners LLP (RFP). In January 2011, the company executed agreements to provide additional marine archaeological excavation and related services on the ‘Enigma II’ project to certain client companies of RFP. In 2011, the company executed an agreement to provide marine services, including mining exploration and drilling operations to client companies of RFP in a tenement area controlled by Neptune Minerals, Inc. Subsea Mineral Mining Exploration Projects The company owns 30% interest in Neptune Minerals, Inc., a company focused on discovering and commercializing high-value mineral deposits. Other Syndication Projects In 2011, the company entered into a project syndication deal with Galt Resources LLC. HMS Sussex Project The company has entered into an agreement with the Government of the United Kingdom of Great Britain and Northern Ireland, which it refers to as Her Majesty’s Government, which allows the company to conduct an archaeologically sensitive exploration of the shipwreck believed to be HMS Sussex and to recover artifacts from the shipwreck site. Customers In 2012, the company's major customers include Chatham Rock Phosphate Ltd., JBR Recovery Limited and Galt Resources, LLC. History Odyssey Marine Exploration, Inc. was founded in 1986.
odyssey marine exploration
5215 West Laurel Street
Tampa, FL 33607
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To contact ODYSSEY MARINE EXPLORATION, please visit www.shipwreck.net. Company data is provided by Capital IQ. Please use this form to report any data issues.