FAIR to Transport Energy Exerter Jackup to Scotland

FAIR has entered into an agreement with LLC Gazflot to transport the drilling rig, "Energy Exerter" from Kirkenes, Norway, to Invergordon, Scotland, in early December. The total contract value is approximately US $6.4 million. The transit including loading and unloading is expected to take 20 days.

Mario Kerssens, Sales & Marketing Director for Fairstar, said "Fjord will be venturing above the Arctic Circle to pick up a rig that poses some interesting loading challenges. Time is of the essence and we are committed to doing everything within our abilities to facilitate a safe delivery of this cargo for Gazflot."

Philip Adkins, Fairstar CEO, added, "We welcome this opportunity to demonstrate once again the reliability and versatility of the Fjord. Fjord's twin azimuth thrusters provide an important measure of redundancy and maneuverability. Recent unfortunate events have highlighted the risks of aged tankers with a single propeller.

"Fairstar's shareholders have made a significant investment in Fjord and Fjell and we are confident that this is one of many future opportunities that will demonstrate our fleet will set the industry standard for reliability."

Gazflot was represented by Worldwise Marine of The Netherlands. Worldwise Marine was responsible for organizing the logistics and engineering work required for the mobilization and demobilization of "Energy Exerter" on behalf of Gazflot.

Fjord is currently en route to the Tombua Landana field in Angola. After discharging the two topside modules onsite, it will sail immediately to Kirkenes, load the "Energy Exerter," deliver the rig to Invergordon, discharge the rig and proceed immediately to Newcastle where it will load the floating dry dock and various other pieces of heavy equipment under the terms of its previously announced contract with Bharati Shipyards.

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