Additional Deliveries for Grenland Group to FMC Technologies

Grenland Group has received additional orders from FMC Technologies in Kongsberg for the fabrication, assembly and testing of subsea structures as a part of FMC's deliveries to Woodside's Pluto LNG Project.

The additional contract has a value of approximately NOK 30 million in revenue to Grenland Group, and comprises fabrication of subsea pipe systems. The total contract value for Grenland Group is now NOK 105 million on this project.

The subsea structures will be fabricated at Grenland Group's yards in Grenland, Norway. Woodside is the owner and operator of the large gas field Pluto, located northwest of Australia. The delivery of the subsea structures and the subsea pipe systems is scheduled for Q4/2008 and Q1/2009.

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