OCEAN INSTALLER CHARTERS VESSEL FOR OPERATIONS IN THE UK

Ocean Installer signs short term charter for the OCV/ROV Grand Canyon in order to meet project requirements.

Due to an increasing order book Ocean Installer is experiencing high utilisation on its current fleet and recognises the need for increased vessel capacity in the UK.

“We have seen the need for additional vessels and we are pleased that we have secured the Grand Canyon in order to execute project commitments in a safe and timely manner for our client,” says Martin Sisley, UK Managing Director of Ocean Installer.

The Grand Canyon is a purpose built offshore construction/ROV/Survey vessel with a 250T crane. Ocean Installer has agreed a charter party with Canyon Offshore for the vessel, the duration of the charter agreement being from June 2014 for 28 days firm. Ocean Installer will use the vessel for mothership duties in support of a contract awarded for light construction work.

In addition, Ocean Installer recently chartered the DP2 light construction/ROV vessel Dina Star for dredging services.

The Ocean Installer Aberdeen office is managing both projects.

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For further inquiries, please contact:

Martin Sisley, Managing Director, Ocean Installer UK

Phone: + 44 (0)1224 90 01 11

Email: martin.sisley@oceaninstaller.com

Or

Steinar Riise, Chief Executive Officer, Ocean Installer

Mobile: + 47 975 35 850

Email: Steinar.riise@oceaninstaller.com

About Ocean Installer

Ocean Installer is a subsea company headquartered in Stavanger, Norway and with offices in Aberdeen and Houston. 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 three construction support vessels (CSV): Normand Clipper, Normand Mermaid and Normand Vision (to be delivered in Q2 2014). 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 is majority-owned by HitecVision, a leading investor in the oil and gas industry.

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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