Saipem America Extends Charter for M/V Harvey Discovery

Saipem America has extended the charter agreement with Harvey Gulf International Marine Inc. for the M/V Harvey Discovery vessel from November 2008 thru November 2011. The M/V Harvey Discovery is a 265ft ROV support vessel working in the Gulf of Mexico. The M/V Harvey Discovery is a US Flagged, ABS Classed, AMS, ACCU DP 2 Notation Circle E with a 65 metric ton electro-hydraulic knuckle boom crane, a 12' X 12' moon pool, 9,000sqft of clear deck space, and accommodations for 46 personnel. Saipem's 250HP Innovator Leviathan ROV and a dedicated deployment winch with 11,0000 ft of 2-3/8 inch anti-rotating wire complete the vessel spread, maximizing the vessel effectiveness for activities such as surveys, light construction and well intervention.

Saipem America Inc., as part of the Saipem Group, is a worldwide leading provider of subsea construction services to the offshore oil and gas industry, specializing in innovative engineering, construction and maintenance services. The Saipem Group is one of the largest, most diversified, international contractors in the oil and gas industry. Saipem America Inc. business activities encompass all of the Saipem Group expertise, which include onshore construction, offshore installation and construction, including the activities of Sonsub's subsea and ROV capabilities, LNG, marine works, drilling maintenance, modification and operation (MMO) and FPSO product lines.