PRESS RELEASE
26th of January 2017

Ocean Installer has been awarded a contract for riser installation work in Australia.

The firm work scope encompasses the installation of flexible risers and flowlines as well as options for additional support work. Ocean Installer is conducting the work as a subcontractor to McDermott International, Inc. (NYSE:MDR).

“This is Ocean Installer’s first job in a region where we aim to establish ourselves. This is also the first job we have been awarded by McDermott. Ocean Installer and McDermott complement each other’s capabilities in a very good way, and we believe this type of cooperation will be important going forward in what is still a challenging market,” says Steinar Riise, CEO of Ocean Installer.

The project will be managed in close cooperation with McDermott and Ocean Installer will have its project team based in Perth, Australia. Offshore operations will be performed by the construction support vessel Normand Vision and commence in the second quarter of 2017.

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About Ocean Installer

Ocean Installer is a subsea company headquartered in Stavanger, Norway and with offices in Aberdeen, Houston, Mexico City, Perth, Dubai and Rio de Janerio. 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 three construction support vessels (CSV): Normand Clipper, Normand Mermaid and Normand Vision. 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

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Ocean Installer is a Norwegian subsea contractor with a global horizon that delivers full EPCI (Engineering, Procurement, Construction and Installation) services within the area of marine and subsea operations.

Quality, efficiency and safety are at the heart of everything we do and we are continuously investing in and developing our assets and expertise.
HEAD QUARTER
Stavanger, Norway
Ocean Installer AS
Forusparken 2
P.O. Box 8070
N-4068 Stavanger