Bergen Group Secures LOI for Yme Platform Completion

Bergen Group, through its subsidiary Bergen Group Rosenberg AS, has received a letter of intent (LOI) from SBM (Single Buoy Moorings Offshore Contractors) that SBM will be awarding Bergen Group Rosenberg a contract for assistance during the completion of the Yme Mobile Offshore Production Unit with Storage (MOPU Stor) jackup platform. The extent of the contract is yet to be finalized but the total value is expected to be of some tens of millions NOK.

The Yme platform, which will produce for Talisman Energy Norge AS, is presently being completed in Abu Dhabi and is scheduled to arrive in Norway in May 2010. The platform will then arrive at Bergen Group Rosenberg where the jackup legs and other equipment will be installed. The platform will then be towed to the offshore location for offshore hook up and completion which is scheduled to be completed in July 2010.