PRESS RELEASE
3
rd of September 2012 

Ocean Installer has just successfully completed a contract for a pipeline survey and boulder relocation at the Corrib field. 

The job was part of the development of the Corrib gas field and the contract covered the survey of a 20-inch, 83km long offshore pipeline and the relocation of about 250 boulders, clearing a 12-metre wide corridor in an umbilical lay route.

The work commenced in early August and was successfully completed last week using the highly efficient construction support vessel (CSV) Normand Clipper.

– We are very pleased that Shell chose Ocean Installer for this survey work and that it was completed on time and without any issues. This reflects the good working relation our two companies are developing, says Steinar Riise, CEO of Ocean Installer.

The Corrib field is located in the Atlantic on the west coast of Ireland in blocks 18/20 and 18/25. Maximum water depth is approx. 357m. Shell E&P Ireland Ltd. has the operatorship of the Corrib field. Shell E&P Ireland Ltd. is the developer of the Corrib gas project, while Statoil Exploration (36.5%) and Vermilion Energy (18.5%) are partners.

Gas from the Corrib Field, which is expected to flow in late 2014 or early 2015, has the potential to supply up to 60% of Ireland’s gas needs at peak.

-END-

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About Ocean Installer
Ocean Installer is a Norwegian subsea entrepreneur headquartered in Stavanger, Norway. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations and organisation within and beyond the North Sea basin.

Ocean Installer provides its clients with recognised first-rate assets and has secured long-term charters on two construction support vessels (CSV): Normand Clipper and Normand Mermaid. A third CSV, in which Ocean Installer has ownership, is under construction and is to be delivered in Q2 2014. Ocean Installer will continuously invest and develop its assets to fulfill its ambition to be a key service provider within the SURF segment.

Ocean Installer is majority-owned by HitecVision, a leading investor in the oil and gas industry.

Ocean Installer holds FPAL- and Achilles certifications, with systems established in accordance with the requirements set out in ISO 9001, 14001, 18001 and 31 000 standards.

For further information, please visit: www.oceaninstaller.com