Acergy S.A. Announces Contract Award in the Norwegian Sea

Thursday, August 28th 2008

Acergy S.A. announced today the award of a contract valued at approximately $60 million from BP Norge AS on behalf of the Skarv licensees.

The contract is for the installation of ten dynamic flexible risers systems, two dynamic umbilicals and a Direct Electrical Heating dynamic cable. Installation is due to commence in the second half of 2010, using the newest addition to Acergy’s fleet, Skandi Acergy.

Øyvind Mikaelsen, Vice President Acergy Northern Europe and Canada, said: “We are delighted to have been awarded this contract with BP. This contract is a result of our continuing ability to deliver complex subsea projects safely and on time, within budget and to the highest standards. This, combined with our expertise as solution providers, aligns our world-class skills and technology with the needs of our clients, ensuring that Acergy delivers exactly what is required on this key field development project with BP.”

Acergy S.A. is a seabed-to-surface engineering and construction contractor for the offshore oil and gas industry worldwide. We plan, design and deliver complex, integrated projects in harsh and challenging environments. We operate internationally as one group — globally aware and locally sensitive, sharing our expertise and experience to create innovative solutions. We are more than solution providers, we are solution partners — ready to make long-term investments in our people, assets, know-how and relationships in support of our clients.