ConocoPhillips Extends Contract for Port Rigmar

Awilco Offshore and ConocoPhillips have agreed on a one-year extension of the existing contract for the accommodation unit Port Rigmar at the Ekofisk Field. The contract extension is from 1 October 2008 to 1 October 2009 and has a contract value of approximately USD 55 million.

Port Rigmar is currently in dock in Holland for class work and upgrading, and is expected to return to the Ekofisk Field early October 2007.

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