FoundOcean Wins Saipem Contract in North Sea

FoundOcean has been awarded the offshore grouting contract for a four-legged wellhead jacket in a greenfield location in the North Sea. The award forms part of a three year agreement between FoundOcean and Saipem UK. The jacket will be installed in 81m water depth and the grouting is via a sub-sea grouting system. The grout line connections are located at EL -42.70m.

Paul Burns, Operations Director for FoundOcean commented, "We're pleased to have the opportunity to work with Saipem on this project and look forward to continuing the long and successful relationship between our two companies."

The grouting operation will take place from onboard the S7000 and is due to mobilize in Q2 2011.

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