Letter of Award for NOK 100 mill Subsea Installation Contract in West Africa

06.10.2011

Engineering and Project Management will commence immediately with Installation expected completed by the end of Q4/2011.

The project will be executed using Cecon installation spread on a third party chartered installation vessel.

Cecon is expecting more contract awards within the next months to come, confirming the strong SURF market in several geographic  regions.

About Cecon:
Cecon is a turnkey contractor involved in the fields of project management, engineering and subsea installation offering pioneering, cost-effective solutions and technologies to the oil and gas industry. An award winning business with patented pipelay technology and assets, Cecon has completed a range of projects worldwide primarily involving the installation of rigid and flexible pipelines. The 1600t Sampson DPIII pipelay / heavy lift vessel is part of the company"s marketed portfolio.

For more information: www.cecon.no

For further information, please contact:
Terje P. Tellefsen, CEO, CECON ASA, email: tpt@cecon.no, tel +47 476 72 888