Maintenance Contracts Deliver Continued Growth For Global Energy

Global Energy Group announced the expansion of its rig maintenance work at its Invergordon Port Base. The contracts for maintenance on three rigs, which are currently docked at Invergordon, total in excess of UK5 million. As well as being part of Global's dynamic growth strategy, the projects will deliver benefits to the local economy. Global:eps, a division of the Global Energy Group is undertaking various programmes of work on the Transocean 711, the Safe Bristolia and the Transocean Galaxy II.

Director of Global:eps Donald MacGregor comments, "We are undertaking extensive maintenance projects on the three rigs. Having three rigs alongside at Invergordon simultaneously shows the significantly buoyant time which the industry and the area is experiencing."

The Transocean 711 will be in the port for 45 days with a workforce of more than 100 trades personnel involved in the yard stay project.

Arriving in the Cromarty Firth from its base in Singapore, the Safe Bristolia accommodation rig, will have a two week period in the base. Global personnel boarded the rig in Libya via Gibraltar to begin maintenance work on its journey through to Invergordon.

A further 30 trades personnel will be involved in a three week project on the Transocean Galaxy II jack up rig.

Global has applied for planning permission to erect a temporary accommodation block at the Port Base in Invergordon. This would enable rig workers to be accommodated together close to their rig whilst accommodation upgrade work was underway. The block would have capacity for 50 people.

Roy MacGregor, Chairman of Global Energy Group comments, "Undertaking work simultaneously on all three rigs -- a jack up, a semi submersible (CHECK) and an accommodation rig -- at our Invergordon base shows the versatility of Global Energy. The contracts are excellent news for Global, but also for the Cromarty Firth area. The facilities and deep water of the Cromarty Firth provide us with great opportunities to attract worldwide business; and global business brings jobs and economic benefit to the whole area. The three recent contracts are responsible for around 200 jobs. Global can deliver a highly skilled, responsive workforce and our base has the highest calibre of facilities. Providing accommodation on site for the rig workers will enhance our offering and enable us to give a comprehensive logistical solution for rig owners as well as our high quality operational services. This is a winning combination for us as a company and for the community around us."

The Global Energy Group a contracting and service based organisation offering engineering project services; pipelines and specialist welding, resource management; fabrication and supply chain solutions. Global recently acquired an 80% shareholding in the REEL Group.