Stolt Offshore Wins $35 Million Ormen Lange Contract

Stolt Offshore has been awarded a contract, valued at approximately $35 million, from Ormen Lange operator Norsk Hydro in Norway. Stolt Offshore will lay two 125 kilometer six inch diameter pipelines from the gas processing plant under development at Nyhamna on the West coast of Norway, to the Ormen Lange field in a water depth of 850 - 1100 meters, together with a 3.6 kilometer six-inch diameter pipeline between two production manifolds in the Ormen Lange field. The pipelines will be laid by the Seaway Falcon starting in the second quarter of 2006.

Oeyvind Mikaelsen, Vice President Northern Europe and Eastern Canada region, said, "We are very pleased to receive this pipelay award for the Ormen Lange development, which is in addition to the $250 million contract already awarded for the Langeled pipelay. We see this award as further recognition of our proven ability to deliver highly complex, subsea construction projects in harsh environments."