PRESS RELEASE DEEPOCEAN AWARDED SURF INSTALLATION CONTRACT FOR MARIA DEVELOPMENT BY STATOIL Haugesund, Norway – 10th April 2015 - DeepOcean AS, a subsidiary of DeepOcean Group Holding BV, has been awarded the Riser Installation contract for the Kristin and Heidrun platforms by Statoil. The modification of these platforms is required in preparation of a possible tie-back from the near-by Mariadevelopment in the Norwegian Sea that is operated by Wintershall. The offshore work includes the installation of risers as well as dynamic umbilical and cable. The installation operations will be performed by the new build construction and installation vessel Edda Freya that is scheduled to join the DeepOcean fleet in the first quarter of 2016. Additional support will be provided by a light construction vessel from DeepOcean’s fleet for the offshore campaign. The offshore work, scheduled for the third quarter of 2016, includes the preparation of subsea infrastructure and installation of a dynamic control umbilical, a direct electrical heating (DEH) cable and optional change–out of a production riser on Kristin semi-submersible platform. A water injection riser will be installed on the Heidrun Tension Leg Platform. The contract was bid in fierce competition and the award confirms DeepOcean’s ability to develop cost efficient and innovative solutions, taking advantage of DeepOcean’s extensive experience in the Greater North Sea. “When committing to the Large Construction Vessel Edda Freya in 2013 we were confident that DeepOcean’s reputation as the leading diverless subsea IMR contractor in the Greater North Sea would provide the foundation for innovative, competitive and reliable performance in SURF projects. This project success relies on timely execution of complicated installation within close proximity of the Kristin and Heidrun Floating Production Units. The planned operations within the intricate existing riser configuration demands high precision and operational reliability. We are appreciative of Statoil again recognizing DeepOcean’s ingenuity and cost efficient solutions in times of strong cost focus across the subsea value chain.” says Ottar Mæland, DeepOcean’s EVP Greater North Sea. Vessel The new vessel “Edda Freya” is of SALT 304 design. Key vessel dimensions are; a length of 149.8 metres, a width of 27 metres, and 2,300 m2 of total deck space. The vessel is specially designed and equipped to suit the Greater North Sea market with the fuel saving environmentally friendly Siemens BlueDrive PlusC propulsion control technology and DP3 positioning system. The mission equipment will be a 150T dual tensioner vertical lay system and a 3000 tons carousel situated below deck. The 600 tons active heave compensated knuckle boom main crane has extended reach. The accommodation facilities will have a capacity of 140 persons. DeepOcean AS Karmsundgata 74 Postboks 2144 Postterminalen N-5504 Haugesund Norway T (+47) 52 70 04 00 F (+47) 52 70 04 01 VAT No. 980 722 805 MVA www.deepoceangroup.com For further information, please contact: Ottar Mæland EVP Greater North Sea, DeepOcean Phone: +47 52 70 04 00 Email: [email protected] About DeepOcean DeepOcean is an integrated provider of safe, high quality, innovative services and technologies for the subsea industry. Demonstrating an extensive track record, DeepOcean Group offers a breadth of subsea services, including (a) Inspection, 2 Maintenance, Repair and Replacement (IMR ), (b) Survey and Seabed-mapping, (c) Subsea Installation, (d) Seabed Intervention, and (e) Decommissioning. This strong portfolio of services, coupled with a fleet of 17 owned and chartered vessels and an extensive mission equipment portfolio comprising of 36 ROVs, 2 AUV, 16 trenchers, 3 Module Handling Systems, 1 geotechnical drilling rig and several dredging and excavation systems, enables DeepOcean Group to bundle its subsea services to deliver costeffective, tailored solutions to meet individual client needs. DeepOcean strives for relentless customer focus and operational excellence, which is supported by a global team of highly professional and experienced project teams. The company delivers innovative engineering solutions and turnkey project management for complex offshore operations. The company is a leading IMR Contractor and trenching operator in the Greater North Sea and has a global presence with ten offices in Norway, UK, the Netherlands, Brazil, Mexico and Singapore. DeepOcean AS Karmsundgata 74 Postboks 2144 Postterminalen N-5504 Haugesund Norway T (+47) 52 70 04 00 F (+47) 52 70 04 01 VAT No. 980 722 805 MVA www.deepoceangroup.com
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