Acergy S.A. $58 million contract award in Norway

abarrelfullabarrelfull wrote on 18 Jul 2012 05:29

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September 28, 2007

Acergy S.A. (NASDAQ NM: ACGY; Oslo Stock Exchange: ACY) announced today the award of a contract valued at approximately $58 million from Hydro on behalf of the Ormen Lange Licences.

The contract is for the installation of a MEG line and umbilical and tie–in and commissioning of the MEG line, umbilical and flowlines in a water depth of 900 metres on the Ormen Lange Southern field development project. Offshore installation will start in the second quarter of 2009.

Oeyvind Mikaelsen, Vice President Acergy Northern Europe and Canada, said, “We welcome the award of another deepwater construction contract for Hydro for additional work on the Ormen Lange field which follows the installation of the export trunkline in 2006 and the MEG line work completed earlier this year.”

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