PRESS RELEASE
14th of December 2015

Ocean Installer has signed an amendment with Statoil for riser replacement operations at the Troll C field.  This includes options for work at the Vigdis field. The work will be executed under the SLMP Marine Installation Contract.

“We are extremely pleased to have secured more work at the Troll field as the Norwegian Continental Shelf continues to be an area of great importance to us. Following up from our success on the highly complex SIMOPRO operations for Statoil in 2015, this new award allows us to further reinforce our great cooperation with Statoil,” says Ocean Installer CEO Steinar Riise.

The work scope at Troll C includes recovery and installation of the oil export riser and two production risers.  This work requires subsea and topside disconnection and removal of existing risers, and subsea tie-in and topside pull-in of new risers.

Optional work includes flexible jumper replacement operations at the Vigdis field as well as other subsea operations.

Ocean Installer will utilise its state of the art construction support vessel (CSV), Normand Vision, as she is especially suited for this work scope.

The Troll C field is located in Blocks 31/2, 31/3, 31/5 and 31/6 of the North Sea approx. 80km west of Bergen at a water depth at of approximately 338m. The Troll C facility is also utilised for production from the Fram field.

The Troll C work scope will take place in Spring/Summer 2016.

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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