AS Nymo Wins BP Contract for Blane Module

On behalf of the partners in the Blane field on the British continental shelf, BP has awarded the contract for fabrication of module and stairtower to AS Nymo in Grimstad. The module and stairtower will be installed on Ula due to the connection of the Blane field production.

The project has started and personnel from Nymo will from next week attend the engineering work being performed at Aker in Stavanger. The entire fabrication will be performed at Nymo's premises in Grimstad. The module and stairtower will be loaded by the crane vessel Uglen, and will be ready for delivery to the Ula field July 20, 2006. The heavy lifting is scheduled for early August 2006.

Offshore preparations and modifications for the Blane module and stairtower will commence January 2006. The offshore work will be performed by Aker through the existing Maintenance and Modification contract.

BP has carried out an extensive evaluation process where tenders' ability to deliver in accordance to the program has been important evaluation criteria in addition to HSE and cost.

A total of five companies were pre-qualified for the fabrication work.

The Blane field is operated by Paladin. Eighteen percent of the field is located on the Norwegian continental shelf and 82 percent on the British continental shelf. The concept and pre-engineering phases are finished and all large contracts have been awarded. When Blane, Tambar and Ula are in full production, Ula will be producing 60-70,000 barrels per day.