Odyssey Marine Exploration, Inc. engages in deep-ocean exploration. The company’s techniques are applied to mineral exploration, shipwreck cargo recovery, and other marine survey and exploration charter services. The company engages in discovering shipwreck sites in the deep ocean and conducting archaeological excavations with remotely operated vehicles. Deep-Ocean Mineral Exploration The company offers exploration services, including geophysical and geotechnical assessments of seabed mineral deposits to companies, including its subsidiaries and companies in which it holds an equity position, as a resource development partner. There are three significant types of seabed mineral deposits being evaluated or explored by the company, including phosphorites, polymetallic nodules, and seafloor massive sulphides. Deep-Ocean Shipwreck Exploration The company engages in other phases of the shipwreck discovery business, such as conservation, documentation and exhibit of rare artifacts and publication of archaeological excavation. It would continue to conduct these services for the four projects that it has retained. Operational Projects and Status The company has various deep-ocean projects in various stages of development worldwide. Subsea Mineral Mining Exploration Projects Oceanica Resources, S. de R.L. In 2013, the company disclosed its ownership interest, through Odyssey Marine Enterprises, Ltd., a wholly owned Bahamian company in Oceanica Resources, S. de R.L. (Oceanica), a Panamanian company and Exploraciones Oceanicas, S. De R.L. De C.V. (ExO), a subsidiary of Oceanica. ExO is in the business of mineral exploration and controls exclusive permits in an area in Mexican waters that contains a large amount of phosphate mineralized material (known as the ‘Don Diego’ deposit). The Don Diego deposit is the company’s main mineral project. Shipwreck Exploration Projects SS Central America Project In 2014, the company was awarded a contract to conduct an archaeological excavation and recover the remaining valuable cargo from the SS Central America shipwreck located approximately 160 miles off the coast of South Carolina. HMS Victory Project In 2008, Odyssey discovered the shipwreck of HMS Victory (lost 1744) and, with the permission of the UK Ministry of Defence (MOD), recovered two cannons to aid in positive identification of the shipwreck. Odyssey is recognized as the salvor-in-possession of the wreck by the MHF and under maritime law. Gairsoppa Project In 2010, the company was awarded the exclusive salvage contract for the cargo of the SS Gairsoppa by the United Kingdom Government (UKG) Department for Transport. It recovered cargo from this shipwreck in 2012 and 2013 and monetized most of the cargo in those years and through the start of 2014. A total of approximately 110 tons of silver, representing approximately 99% of the insured silver on board, was recovered from the Gairsoppa shipwreck, which is approximately 15,000 feet deep. Other Projects In the fourth quarter of 2015, the company was contracted by a third party to recover cargo from a shipwreck located in the Mediterranean sea. The recovered cargo is the property of the contracting party. The company offers its marine exploration services to third party companies. History Odyssey Marine Exploration, Inc. was founded in 1986.
odyssey marine exploration
5215 West Laurel Street
Tampa, FL 33607
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