Grenland Group Signs New Burner Boom Contracts

Resource Rig Supply and Stena Drilling have once again chosen Grenland Group as their supplier of burner booms. Grenland Group said the contracts confirm its position as a world-class provider of burner booms.

Resource Rig Supply has awarded Grenland Group a contract for two burner booms for Global Santa Fe's Development Driller III to be delivered in December 2007. This is the third consecutive set of PetroBoom - Cantilever model from Grenland Group to Resource Rig Supply. Grenland Group has earlier provided burner booms for both Development Driller I and II.

Stena Drilling is also a returning customer for Grenland Group. Their choice of burner boom supplier for their drilling vessel Stena DrillMax III is the same as for both Stena DrillMAX I and II. Grenland Group's delivery of another PetroBoom - Swan Neck model burner booms for Stena Drilling is scheduled for 2008/2009.

The contract value for Grenland Group amounts to NOK 10-15 million.

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