Bergen Group Recieves Contract to Provide Storage for Octabuoy Platform Hull

Bergen Group Offshore, through its subsidiary Bergen Group Hanøytangen AS, has received a contract from Bluewater Industries in Houston for the storage of the ATP Oil & Gas Corporation hull for the new Octabuoy platform to be installed on the Cheviot Field in the UK-sector of the North Sea.

The hull for the Octabuoy Platform is currently being completed in China and is scheduled to arrive at Hanøytangen in July 2012 where it will be stored until the process deck and topside shall be mated. During the storage phase Bergen Group Hanøytangen will perform preparatory work for the hookup phase.

Bergen Group Offshore has also through its subsidiary Bergen Group Rosenberg AS executed a letter of intent with Bluewater Industries for the planning and preparations for the topside to hull hook up.

”We are delighted to be awarded these contracts, although they are of modest monetary value. With the awards, we have proven a strengthened position within all aspects of our core business and we are able take advantage of the competencies across the companies in the Offshore Division, as well as our excellent facilities”, says Executive Vice President Kristin Færøvik in Bergen Group Offshore.

Managing Director Stig Trygve Andersen at Bergen Group Hanøytangen points out the advantages offered by Bergen Group Hanøytangen.

”Our unique deep-water facilities, combined with the solid experience within the Offshore Division, will contribute to a successful project for both Bluewater Industries and Bergen Group”, says Andersen.

The platform is a Moss Krylov Octabuoy Dry Tree semisubmersible production unit currently under construction in China. The hull is expected to be ready for transportation to Norway and Bergen Group Hanøytangen during 1st half 2012. The topside is a two level deck (production and drill deck) with a floatover-weight of 13,000 metric tons. The fabrication of the topsides is split between China (utility module) and the United States (process module).

Bergen Group is an innovative supplier of products, services and solutions to the offshore and maritime industry. The Group has a total of 1,700 employees and approximately 700 of these are associated with the Bergen Group Offshore- division consisting of Bergen Group Rosenberg, Bergen Group Hanøytangen and Bergen Group Kirkenes.

Bluewater Industries is a leading general marine contractor specializing in turnkey field development projects for all aspects of Design, Engineering, Contracting, Construction and Installation of Offshore Oil and Gas operations in the Gulf of Mexico and the North Sea.

ATP Oil & Gas Corporation is an international offshore oil and gas development and production company with operations in the Gulf of Mexico, Mediterranean Sea and the North Sea. The company trades publicly as ATPG on the NASDAQ Global Select Market.

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Source: Bergen Group, October 19, 2011