Fairmount Garners Ensco Contract

Fairmount Marine B.V.

Ensco Offshore Company of Dallas, TX and Fairmount Marine have signed the towage contract for the tow of the newbuilding semi-submersible drilling rig ENSCO 8500.

The ENSCO 8500 is presently under construction in Singapore and will be towed by Fairmount to the Gulf of Mexico with two of Fairmount's 205 tonnes Bollard Pull class long distance towing vessels.

The towage will be performed in the first half of 2008.

The duration of the voyage will be approximately 86 days.