Seajacks to Provide Offshore Accomodation Unit for Sable Project

Seajacks has signed a Letter Of Intent with ExxonMobil Canada for the Seajacks Kraken to work as an Offshore Accommodation Unit for the Sable Project located offshore Nova Scotia, Canada starting in May 2009 for a 4-5 months period. A final contract is under negotiation.

The Seajacks Kraken is currently being constructed at Lamprell in Dubai and is scheduled for delivery in February 2009.