Acergy S.A. Secures Second Subsea Contract with DONG Energy in the North Sea

Friday, June 13, 2008

Acergy S.A. announced today the award of a second call-off contract under the offshore engineering and construction Frame Agreement with DONG Energy for approximately $60 million.

The second call-off contract is for the replacement of the Siri to Nini water injection pipeline which involves the engineering, procurement, fabrication and all associated construction and pre-commissioning activities in relation to the installation of a 32km 10” water injection pipeline running between the Siri and Nini platforms. Offshore installation is scheduled for summer 2009.

Øyvind Mikaelsen, Vice President, Acergy Northern Europe and Canada, said: "We are pleased to be awarded this contract for DONG Energy which, coming so soon after the signing of the Frame Agreement and initial call-off contract, reinforces our view that the duration and nature of the Frame Agreement should facilitate the ability to create value for both parties.”

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