Aqualis ASA : Aqualis Offshore signs contract with Saudi Aramco

17 September 2014 – Aqualis Offshore, part of Aqualis ASA, has signed a rig moving services contract with Saudi Aramco, the world’s largest energy company. The contract value is undisclosed.

Under the deal, offshore marine and engineering consultancy Aqualis Offshore will provide offshore rig moving services over the next three years for Saudi Aramco’s jack-up rigs operating in the Arabian Gulf.

“We may be a young company, but our team consist solely of highly experienced personnel with 10-30 years’ offshore experience. This experience has secured this prestigious and strategically important contract,” says David Wells, CEO of Oslo-listed Aqualis ASA.

Aqualis Offshore will support Saudi Aramco with rig moving services and personnel from Aqualis Offshore’s offices in the Middle East region.

Since starting operations in 2013, AqualisBraemar has already set up operations in ten countries worldwide. The company has offices in London, UK (HQ); Sandefjord, Kristiansund and Oslo, Norway; Houston, USA; Rio de Janeiro, Brazil; Mexico City, Mexico; Singapore; Shanghai, China; Abu Dhabi and Dubai, UAE; Bahrain; and Dammam, Saudi Arabia.

AqualisBraemar is a specialised marine and offshore engineering consultancy focusing on the shallow and deep-water segments of the offshore oil, gas and wind industries.

Aqualis Offshore’s contract party is Aqualis Offshore Marine Services LLC.

ENDS

For further information, please contact:

Investors
Christian Opsahl
CFO
Tel: +47 901 101 53
Email: christian.opsahl@aqualisbraemar.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.