PRESS RELEASE
19th of November 2014

Ocean Installer has recognised the need for a permanent presence in Brazil. The market represents significant growth opportunities in the years ahead.

“We have seen the need to establish an office to serve the Brazilian oil and gas market. Brazil is a very interesting region and the ‘pre-salt’ reservoirs hold exciting opportunities for us,” says Ocean Installer CEO Steinar Riise.

Ocean Installer has experienced significant international growth during the last year. The office in Brazil is a reflection of this growth and will initially target projects for the local subsea support market.

The company has seen an increasing demand of targeted vessels in the region and the short time frames in which accurate engineering solutions is demanded.

“We have already introduced our high capability vessel Normand Clipper to the region working for Saipem”, says Riise.

Ocean Installer has recently hired the highly experienced Mr. Marcelo Mendonca to lead the office in Rio de Janeiro, Brazil.

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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