8 September 2008

LOI with Transocean

Bergen Group has through its subsidiary Bergen Group Hanøytangen AS received a Letter of Intent (LOI) from Transocean Offshore (North Sea) Ltd NUF (Transocean) for upgrading of 3 rigs. The LOI also includes an option for modification work on a further unit. The contract will be a significant contribution to Bergen Groups operations in 2008 and 2009.

– We are very pleased to be able to work with the world’s largest offshore drilling contractor, says CEO Roger Simmenes in Bergen Group. He continues: - This is a good illustration of the competitive advantages Bergen Group can achieve due to the wide base of resources available to the company within the Offshore segment. We have proven several times that we can complete complex offshore projects at Bergen Group Rosenberg; and now the customers are starting to understand the opportunities Hanøytangen can provide.

Read more in the press release.