Transocean Inks LOI with Bergen Group to Upgrade 3 Rigs

Bergen Group has, through its subsidiary Bergen Group Hanøytangen AS, received a Letter of Intent (LOI) from Transocean Offshore (NorthSea) Ltd NUF (Transocean) for upgrading of three rigs. The LOI also includes an option for modification work on a further unit.

The LOI is for upgrade and classification work concerning the units Transocean Searcher, Polar Pioneer, Transocean Arctic, as well as an option for corresponding work on a further drilling rig.  Bergen Group's scope of work includes detailed project planning, purchasing, as well as involvement in overall project management.

The work commences in September 2008 and will continue until the end of 2009. The work will be carried out at Bergen Group's facilities at Hanøytangen outside Bergen. The facilities, with uniquely sized drydock and quays combined with easy access from the open ocean, was a key factor for the award of this contract to Bergen Group. Bergen Group Hanøytangen will during this project be able to utilize resources from other units within the Group's Offshore segment; such as Bergen Engineering and Bergen Group Rosenberg. 

"We are very pleased to be able to work with the world's largest offshore drilling contractor," said CEO Roger Simmenes in Bergen Group. "This is a good illustration of the competitive advantages Bergen Group can achieve due to the wide base of resources available to the company within the Offshore segment.  We have proven several times that we can complete complex offshore projects at Bergen Group Rosenberg; and now the customers are starting to understand the opportunities Hanøytangen can provide."

"We look forward to cooperate with Bergen Group in executing these projects. Our goal is that Bergen Group will fulfil the duties in a safe and efficient manner," comments Asbjørn S. Olsen OperationsManager Asset, Transocean Norway. "Bergen Group will with this LOI become an important factor for us in the coming years, their facilities in Bergen, project experience and service mindedness were important factors in our evaluation."

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