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October 17, 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 wins Middle East work

17 October 2014 – AqualisBraemar, part of Oslo-listed Aqualis ASA, has bagged three new contract awards for the company’s Middle East offices.

The company’s Dubai office has entered into an agreement with ONGC to provide the oil company with rig moving and marine warranty services offshore India. The initial contract is for nine months, with options to renew it for further 12-month periods.

AqualisBraemar has also secured an award from an undisclosed client for providing detailed engineering for the conversion of two jack-up rigs into mobile offshore production units (MOPU). Its Dubai office will manage one of the projects while the company’s Houston office will lead the other MOPU conversion.

The third deal is an annual call-out contract between AqualisBraemar’s Abu Dhabi office and Total ABK for work at the Abu Al Bukhoosh field in Abu Dhabi, UAE. Scope of work includes marine inspections, rig moving and general marine services.

Contract values are undisclosed.

“The Middle East is still the world’s biggest oil and gas market. Building up a strong presence here has therefore been a priority for us, because it puts us in a position where we can compete for jobs like these,” says Reuben Segal, director – Middle East, AqualisBraemar.

In mid-September, AqualisBraemar announced that it will provide offshore rig moving services over the next three years for Saudi Aramco’s jack-up rigs operating in the Arabian Gulf.

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