Acergy Wins Siri, Nini Water Injection Pipeline Contract from DONG

Acergy S.A. announced the award of a second call-off contract under the offshore engineering and construction Frame Agreement with DONG Energy for approximately $60 million.

The second contract is for the replacement of the Siri to Nini water injection pipeline which involves the engineering, procurement, fabrication and all associated construction and pre-commissioning activities in relation to the installation of a 32km 10' water injection pipeline running between the Siri and Nini platforms. Offshore installation is scheduled for summer 2009.

Oyvind Mikaelsen, Vice President, Acergy Northern Europe and Canada, said, "We are pleased to be awarded this contract for DONG Energy, which coming so soon after the signing of the Frame Agreement and initial call-off contract, reinforces our view that the duration and nature of the Frame Agreement should facilitate the ability to create value for both parties."