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Press Release 12.06.08

CTC receives contract award from Bluewhale

CTC Marine Projects Limited (a DeepOcean ASA subsidiary) has received a contract award from Bluewhale Offshore Engineering Technology for the installation of three inter-platform power cables totalling 78km in the Wenchang field, offshore China.

CTC will use the DP 2 vessel Maersk Recorder which will be mobilising immediately from Singapore. On completion of the cable lay scope, the Recorder will remain in China in cooperation with Bluewhale, where it will provide a series of professional services. These will include, but not be limited to SAT diving support work, subsea power cable installation, subsea pipeline/cable trenching and burial as well as riser installation.

CTC puts the total value of the award in the region of USD 15 million.

CTC’s Regional Manager APAC, Pierre Boyde, said: ‘This is a key phase in the development of CTC’s services, offered in partnership with Bluewhale for the Chinese Market.’

BOETC’s Chief Executive Officer Gang Luan commented ‘This cooperation will bring significant benefits and long term market opportunities for our local clients’.

Headquartered in Tianjin, BOETC is a leading independent provider of subsea construction services in the Asia Pacific region.

Ends

For further information, please contact Fiona Duckworth, Head of Marketing,
CTC Marine Projects Ltd.

CTC Marine Projects Ltd
Coniscliffe House
Coniscliffe Road
Darlington
County Durham
DL3 7EE
Telephone: 01325 390 500

marketing@ctcmarine.com