DeepOcean Group Wins Trenching Contract in the North Sea (UK)

DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding BV, today announced an award from leading contractor Technip for trenching services on the Stella Field Development, Operated by Ithaca Energy.

The contract includes project management, engineering and associated trenching and backfilling works for the infield flexible flowlines and umbilicals. In addition, DeepOcean will provide post-lay trenching and backfilling services to the export rigid pipelines.

DeepOcean will mobilise some of its key intervention assets including the AMP 500 plough & BFP backfill plough. Installation is due to take place in summer 2013 from the Maersk Assister.

Tony Inglis, DeepOcean UK Managing Director declared “This project strengthens our global leadership in the subsea intervention market, where our teams have been breaking new ground since the 1990’s. We are proud to be supporting another North Sea project with our trenching expertise.”

The Stella field is located in the Central North Sea within UKCS block 30/6a. The project is operated by Ithaca Energy (54.66%) with partners Dyas (25.34%) and Petrofac (20%).

About DeepOcean Group

DeepOcean Group is an integrated provider of safe, high quality, innovative services and technologies for the subsea industry. Demonstrating an extensive track record, DeepOcean Group offers a breadth of subsea services including Survey and Seabed-mapping, Subsea Installation, Seabed Intervention, Inspection, Maintenance and Repair (IMR), and Decommissioning.

This strong portfolio of services, coupled with a fleet of owned and controlled specialised equipment and multi-purpose support spreads, enables DeepOcean Group to bundle its subsea services to deliver cost-effective, tailored solutions to meet individual client needs.

DeepOcean Group strives for relentless customer focus and operational excellence, which is supported by a global team of highly professional and experienced project teams. The company delivers innovative engineering solutions and turnkey project management for complex offshore operations.

The company is a leading IMR contractor and trenching operator in Norway and the North Sea and has a global presence with offices in Norway, UK, the Netherlands, Brazil, Mexico and Singapore.

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Press Release, April 16, 2013