PRESS RELEASE
April 10, 2018

Ocean Installer has been awarded a contract by Petronas, the Malaysian oil and gas company, to assist in decommissioning the Chinguetti field off the coast of Mauritania in West Africa.

The contract follows an award from FPSO operator BW Offshore on the same field in early February.

“We are proud of continously building backlog for the West Africa region. Furthermore, we are very pleased with securing our first award from Petronas, which gives us track record for an important client with its main assets in the Asia Pacific region,” says Ocean Installer CEO Steinar Riise.

The project will be executed on a fast track utilizing the CSV Normand Vision and its inhouse flexible lay equipment. Offshore operations will commence as soon as April of 2018, directly after Ocean Installer completes its part of the disconnection of the FPSO Berge Helene for BW Offshore.

The scope of the project includes decommissioning of risers and umbilicals on the Chinguetti field.

The Chinguetti field is located at water depths of approximately 800 meters, about 80 km west of Mauritania.

-END-

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About Ocean Installer
Ocean Installer is a subsea company headquartered in Stavanger, Norway with strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment.

Ocean Installer provides its clients with first-rate assets and has in place long-term charters on the two construction support vessels (CSV) Normand Mermaid and Normand Vision. In addition, the company has access to broad range of additional vessels through long-term partnerships.

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.

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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