Ocean HeavyLift Wins Work from Rowan and Skeie

Ocean HeavyLift has been awarded contracts with Rowan Companies, Inc and Skeie Drilling & Production ASA for transportation of four ultra large jackup rigs in 2008 and 2010. The Rowan jackup rig Gorilla VII will be transported from Rotterdam to Angola in February/March 2008 and the three rigs for Skeie will be transported from the shipyard in Singapore to various destinations in 2010. The Skeie rigs have a total weight of about 28,500 mt each and are constructed for harsh weather conditions in the North Sea and offshore Canada.

Total gross contract value is between US$35 and US$40 million and will be performed by the semi-submersible heavy lift vessels Ancora and Hawk.

Cato Hellstenius, CEO of Ocean HeavyLift, comments, "We are very pleased that Skeie Production & Drilling and Rowan have awarded us these contracts, which confirms that we are in the top league of the heavy lift business."

Commercial Manager, Dagfinn Thorsen in Offshore Heavy Transport, says, "The rigs are among the world's largest of its kind and only a very few heavy lift vessels are capable of lifting them. The fact that rig operators are securing heavy lift capacity in 2010 is a confirmation of the strong market fundamentals in the heavy lift market."

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