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Date:Friday 22nd June 2007
Title:DeepOcean Wins Blue Stream Inspection Job

Blue Stream Pipeline Company B.V. has awarded a pipeline inspection job to DeepOcean.

The job includes full ROV pipeline inspection and geohazard survey on two gas pipelines between Russia and Turkey in the Black Sea including nearshore/onshore survey. The water depths of the operations are down to 2,140 meters. The length of the contract is approximately 45 days offshore work in addition to nearshore/onshore work, mobilization and transit.

DeepOcean has performed similar work for Blue Stream in the winter seasons from 2004 to 2007. Blue Stream has now declared an option to do the same work in the beginning of 2008. The work will be performed by one vessel including one ROV system and an integrated survey system.

Source: DeepOcean ASA

Date:Friday 22nd June 2007
Title:DOF Wins Air Diving Support Work from Technip

DOF Subsea ASA's subsidiary Geoconsult AS, Norway, has signed a contract with Technip UK for Air Diving Support work utilizing the MPSV Geobay in the North Sea.

The contract commences in mid-July 2007 and has duration of 30 days firm and 14 days optional. The total contract value, including options, is estimated to be in the range of NOK 25-30 millions.

Source: DOF Subsea ASA