APL's STP System Selected for the Gulf of Mexico

Advanced Production and Loading AS has received a purchase order from Bergesen Worldwide Offshore in Norway to supply a STP system for the PEMEX operated, KMZ (Ku, Maloob and Zaap) field in the Gulf of Mexico.

The project includes the delivery of a turret, mooring and swivel system, which is scheduled to be delivered in 2006. The total contract value for APL is approximately NOK 380 million.

The contract is pending final agreement between Bergesen Worldwide Offshore and PEMEX.