Maersk Contractors Opens Office in Houston

Effective April 1, 2006 Maersk Contractors will establish a permanent presence in Houston, when Mr. Chris Bailey assumes the position of Business Development Manager for North America. The objective is to come closer to US clients and thereby ensure fast and efficient communication and as a result an improved service level.

Chris Bailey has 35 years of experience within the engineering and oil & gas industry. Most recently he has been working in Maersk Contractors head office in Copenhagen, where he has been involved in the commercial aspects covering the drilling and floating production contracts and projects.

Mr. Bailey's previous assignments include over 15 years with oil companies where he among others has had a leading role in FPSO and offshore drilling projects. In addition to this, he has 10 years' experience in consulting engineering.