Page 12: of Marine Technology Magazine (March 2007)

news 12 MTR March 2007

Marine Subsea signed a contract with

Ulstein Verft to deliver a Ulstein SX121 well intervention ship from Ulstein

Design. This is the largest contract — $137m — for one ship for the Ulstein

Group. It is scheduled for delivery in July 2009, and has been contracted in Angola.

African Offshore Services, the holding company of Marine Subsea Inc., will carry out well intervention and other oil-service- related operations in West Africa. "We are very pleased when our new customers ask for ships with the characteristic Ulstein X-

BOW. We are frontrunners in developing highly advanced construction vessels loaded with equipment enabling them to

Marine Subsea Orders Well

Intervention Ship

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