PRESS RELEASE
1st of February, 2017

Statoil ASA has awarded Ocean Installer a substantial contract for marine operations on the Johan Castberg project in the Barents Sea.

Johan Castberg is amongst the largest subsea projects ever to be developed on the Norwegian Continental Shelf. The field developments spans Skrugard, Havis and Drivis, located approximately 240 km from Hammerfest and 100 km north of Snøhvit. The field sits at water depths from 360 to 405 meters. The contract is significant in size and will extend Ocean Installer’s operations to the Barents Sea for the first time.

– We are very excited to accompany Statoil as they extend further North, and to be recognized as a trusted supplier capable of installing such a high volume and variety of subsea infrastructure. This builds on the significant experience and track record with regards to safety and quality we have accrued working with Statoil for several years, says Ocean Installer CEO Steinar Riise.

– The Johan Castberg development will be one of the most significant projects on the NCS, and we are naturally very pleased to be a part of it. Our team has been working in close cooperation with Statoil on the FEED-study for Castberg since April of 2016, and to see our work pay off now is very satisfying, continues Riise.

Ocean Installer will be involved with Johan Castberg throughout the entire development phase, until the floating production, storage and offloading (FPSO) unit is hooked up in 2022, with offshore operations in the summer seasons from 2019-2022.

Through this award, Ocean Installer will gain specific and unique experience in the far north region, which is expected to be a major growth area in coming years.

The project will be managed from Ocean Installer’s Stavanger office.

-END-

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About Ocean Installer
Ocean Installer is a subsea company headquartered in Stavanger, Norway and with offices in Aberdeen, Houston, Dubai, Perth and Mexico City. 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 the highly advances construction support vessels (CSV) Normand Vision, as well as priority access to high class assets. 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.

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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