DeepOcean awarded Trenching contract in the North Sea

Darlington, UK – April 16, 2013 – DeepOcean UK, Ltd., a subsidiary of DeepOcean Group Holding BV, today announced an award from leading contractor Technip for trenching services on the Stella Field Development, Operated by Ithaca Energy.

The contract includes project management, engineering and associated trenching and backfilling works for the infield flexible flowlines and umbilicals. In addition, DeepOcean will provide post-lay trenching and backfilling services to the export rigid pipelines.

DeepOcean will mobilise some of its key intervention assets including the AMP 500 plough & BFP backfill plough. Installation is due to take place in summer 2013 from the Maersk Assister.

Tony Inglis, DeepOcean UK Managing Director declared “This project strengthens our global leadership in the subsea intervention market, where our teams have been breaking new ground since the 1990’s. We are proud to be supporting another North Sea project with our trenching expertise.”

The Stella field is located in the Central North Sea within UKCS block 30/6a. The project is operated by Ithaca Energy (54.66%) with partners Dyas (25.34%) and Petrofac (20%).