Stolt Offshore S.A. Awarded $50 million Contract in Equatorial Guinea

abarrelfullabarrelfull wrote on 16 Jul 2012 08:41
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September 1, 2005

Stolt Offshore S.A. (NASDAQ NM: SOSA; Oslo Stock Exchange: STO), today reported the award of a contract valued at approximately $50 million from Amerada Hess for installation work on the Okume Complex in Equatorial Guinea.

The contract is for the installation of flexible risers and 116 kms of rigid pipelines between the
Okume/Ebano and Oveng Tension Leg Platforms, Elon Satellite Platforms and the Sendje Ceiba
FPSO. The flexible risers will be supplied by Stolt Offshore’s joint venture NKT Flexibles I/S
under a separate contract. The installation programme will take place from the Seaway Falcon
in the second half of 2006.
Bruno Chabas, Chief Operating Officer said, “Stolt Offshore has worked with Triton Energy and
Amerada Hess over the last four years on the development of the La Ceiba field and we
welcome this further package of deepwater installation work for which the Seaway Falcon is
ideally suited.”


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