Acergy Aces $60MM Contract to Install Subsea Equipment in Norwegian Sea

Acergy S.A. was awarded a contract valued at approximately $60 million from BP Norge AS on behalf of the Skarv licensees.

The contract is for the installation of ten dynamic flexible risers systems, two dynamic umbilicals and a Direct Electrical Heating dynamic cable. Installation is due to commence in the second half of 2010, using the newest addition to Acergy's fleet, Skandi Acergy.

Oyvind Mikaelsen, Vice President Acergy Northern Europe and Canada, said, "We are delighted to have been awarded this contract with BP. This contract is a result of our continuing ability to deliver complex subsea projects safely and on time, within budget and to the highest standards. This, combined with our expertise as solution providers, aligns our world-class skills and technology with the needs of our clients, ensuring that Acergy delivers exactly what is required on this key field development project with BP."