OCEAN INSTALLER EXPANDS INTERNATIONALLY – OPENS OFFICE IN ABERDEEN

The Norwegian subsea entrepreneur Ocean Installer has opened a UK office in Aberdeen, Scotland. The new office will become a full-blown regional branch of Ocean Installer.

We are very pleased that less than one and a half year after Ocean Installer was established, we are at a place where the only natural development is to open a second office. This is in line with our long-term growth strategy and illustrates that we are progressing at a very good pace, says Steinar Riise, CEO of Ocean Installer.

The office, originally named “Innovation House” and now renamed “Ocean Installer House”, is situated within the Aberdeen Energy and Innovation Parks, a science and energy cluster which already houses significant actors in the oil- and gas industry. The lease is for 10 years with a 5 year exit option.

Ocean Installer aims at recruiting 20-30 people to the Aberdeen office in 2012 and estimates that about 100 people will be employed with this UK division of the company by the end of 2013. The Aberdeen office will be a full-blown regional branch of Ocean Installer, offering full coverage of all services that the subsea entrepreneur provides. Moreover, whilst Ocean Installer’s corporate headquarters remain in Stavanger, Norway, financial operations will be concentrated in the Aberdeen office. Martin Sisley is the Managing Director of Ocean Installer in the UK.

This regional anchoring will allow us to work even closer with our clients operating out of the UK. On a personal level, I am excited to play such a key role in the expansion of Ocean Installer and the consolidation of the company’s UK presence, says Sisley.

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For further inquiries, please contact:

Steinar Riise, Chief Executive Officer, Ocean Installer

Mobile: + 47 975 35 850

Email: Steinar.riise@oceaninstaller.com

Or

Martin Sisley, Managing Director, Ocean Installer UK

Mobile: + 44 780 266 585

Email: martin.sisley@oceaninstaller.com

About Ocean Installer

Ocean Installer is a Norwegian subsea entrepreneur headquartered in Stavanger, Norway. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations and organisation within and beyond the North Sea basin.

Ocean Installer provides its clients with recognised first-rate assets and has secured long-term charters on two subsea construction vessels: Normand Clipper and Normand Mermaid. Ocean Installer will continuously invest and develop its assets to fulfill its ambition to be a key service provider within the SURF segment.

Ocean Installer holds FPAL- and Achilles certifications, with systems established in accordance with the requirements set out in ISO 9001, 14001, 18001 and 31 000 standards.

For further information, please visit: www.oceaninstaller.com

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