Acergy Charters New Build Heavy Construction Ship

Acergy S.A. has entered into an agreement with DOFCON ASA for the charter of the Skandi Acergy, a new build heavy construction ship. The 8-year charter will commence upon delivery, which is scheduled for the second quarter of 2008.

Construction is taking place at the Aker Søviknes Yard in Norway and, once complete, the ship will be a class leader among heavy construction ships. The new ship will be 153 meters in length, will have a cargo deck area of 2,100 m2 and will be fitted with a heave compensated crane with 400 metric ton lift capability, a 3,000 ton under deck carousel and have Class 3 dynamic positioning. The ship will meet the latest environmental criteria, have a fast transit speed and will have an ice class hull enabling her to operate in the Barents Sea and Northern North Sea.

Bruno Chabas, Chief Operating Officer, said, "The charter of this new ship will give us greater flexibility of operations in the North Sea market and her high transit speed also makes her eminently suitable for the worldwide market. By entering into this charter, we continue to implement our strategy to rejuvenate our fleet, making it younger, more versatile and better suited for our client requirements."

Acergy S.A. is a seabed-to-surface engineering and construction contractor for the offshore oil and gas industry worldwide. We plan, design and deliver complex, integrated projects in harsh and challenging environments. We operate internationally as one group -- globally aware and locally sensitive, sharing our expertise and experience to create innovative solutions. We are more than solution providers, we are solution partners -- ready to make long-term investments in our people, assets, know-how and relationships in support of our clients.