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February 06, 2014

For further information, please contact:

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.

AqualisBraemar breaks into Indian rig moving market

6 February 2014 – New offshore marine and engineering consultancy Aqualis offshore continues to extend its global offering and has taken significant expansion strides by entering the Indian offshore market and completing its first rig moving operation in the region.

“For several decades the Indian rig moving market has been dominated by one of the major global companies. We aim to give our clients more choice and to challenge the established players’ offering. This job confirms that our business model is tailored correctly and that we have both the regional and international underwriter support,” says David Wells, CEO of AqualisBraemar.

Staff from AqualisBraemar’s Dubai office last week successfully moved its first jack-up rig in India. The “Jindal Star”, a new build MLT 116 E, was towed from Lamprell’s shipyard in UAE to an ONGC platform location offshore the west coast of India. Attendance on a second Aban Offshore unit for an infield move was completed shortly afterwards.

“This is a major leap forward in our efforts in India. One of our key differentiators is that the company consists solely of experienced personnel who have seen plenty of action offshore. This is what our customers want when they are managing high value assets and projects,” adds David Wells.

AqualisBraemar is a specialized marine and offshore engineering consultancy focusing on the shallow and deep-water offshore segments of the oil and gas industry. Its core services include concept, FEED and basic design engineering for rigs and fixed offshore installations, for upgrades and conversions of jack ups, rig moving, marine warranty, dynamic positioning and construction supervision services. The company also offers transportation and installation as well as due diligence services.

AqualisBraemar, which started operations last year, has already set up offices in London, UK (HQ); Sandefjord and Oslo, Norway; Houston, USA; Rio de Janeiro, Brazil; Dubai, UAE; Dammam, Saudi Arabia; Bahrain and Singapore.

The company is part of the Oslo stock exchange listed Aqualis ASA.