Høylandsbygd 8 June 2010. This press release is sent out to local newspapers and news agents.
EIDE MARINE SERVICES AS HAS WON TWO CONTRACTS ON A NEW DEVELOPED VESSEL
Eide Marine Services AS has secured two contracts that can provide up to 6.3 billion NOK in revenues over a 10 year period. The contracts are fixed for 5 years and with further options of 5 years. The contracts are awarded from the Brazilianske Lupatech company which has been awarded contracts from Petrobras.. Eide Marine Services AS will supply and operate two Light Workover Intervention vessels that can work in water depths from 1100 m – 2500 m. The dimensions of the vessels will be 120 m long x 45 m wide, with a displacement of 47000 tons and have a accommodation for 120 people onboard. The vessels is special designed for maintenance of oil and gas wells. This includes coiled tubing, slick line and wireline operations. The vessels can also do predrilling of chasing pipe and installation / de-installation of wet Christmas trees. The vessels is developed by Eide Marine Services AS and provides significant improved seaworthiness than the other vessels on the market, something Eide Marine Services AS has patented in a world patent.
Eide Marine Services AS is a company that operates with special transports, heavy lifting operations, salvage, installation and maintenance of subsea equipment and installation of wind turbines offshore. The company works in civil and military market segment. The company is internationally established with subsidiary companies in the Netherlands, Singapore, China and Brazil. The company’s headquarter is in Høylandsbygd where the main administration is. The company also has a maintenance base in Høylandsbygd.
With these contracts in place, we envisage that we need to assign us a number of new employees. This is very gratifying for us to put in place. The vessels that Eide Marine Services AS have developed could be used for many applications in the offshore industry in addition to this preparation, as pipe laying, construction / installation works, Accommodation, oil drilling, to name a few.
Eide Marine Services AS plan to build the hulls of vessels in the fare East and carry out the outfitting in Norway. It will also provide significant deliveries from the Norwegian equipment supplier industry.
Eide Marine Services AS had in 2009 a good year with a profit before tax of NOK 68.8 million and annual profit of 49.5 million kroner. The profit in first quarter of 2010 is 57.9 million NOK.
Should there be further questions, please contact Georg Eide of the mobile + 47 900 65885