DeepOcean Wins Additional Work from Statoil

DeepOcean ASA has been awarded additional work for Statoil under its existing IMR (inspection, maintenance and repair) contract. The work will commence in April 2006 with a duration of six months. The contract value is approximately NOK 100 million.

DeepOcean will perform an inspection program on various installations in the North Sea for Statoil. In connection with the contract DeepOcean has chartered the vessel Polar Prince from Rieber Shipping ASA.