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February 25, 2016

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.

FPSO topside warranty survey job for AqualisBraemar

25 February 2016 – Offshore marine and engineering consultancy AqualisBraemar has been contracted by Cantex Global Logistics to provide the marine warranty surveyor (MWS) services for FPSO P67 & P70 topside modules transportation from various Brazilian ports to COOEC’s yard in Qingdao, China.

The scope of work for AqualisBraemar, part of Oslo-listed Aqualis ASA, is to provide the MWS services for the load out and sail away of the transport vessels in Brazil, as well as the discharges of the modules in Qingdao, China. The contract value is undisclosed.

A total of 29 topside modules for the FPSO P67 and P70 will be transported in eight shipments from Brazil to China. The maximum module weight is about 1650 metric tonnes. AqualisBraemar has been contracted to provide marine warranty services for six of the eight shipments, including load out and sail away from Brazil to China, as well as discharges of all modules at COOEC’s Qingdao yard.

AqualisBraemar’s offices in Shanghai, China and in Rio, Brazil are working on this project.

“We are proud to be able to support Cantex Global Logistics on this project and would like to give them credit for choosing a China-based business to execute the marine warranty services on this extensive project,” says Phil Lenox, director – Asia Pacific, AqualisBraemar.

AqualisBraemar has already completed the MWS for loadout and sail away for one vessel, and will oversee the loadout for another three vessels in Brazil in a few weeks’ time. The remaining two shipments from Brazil will be completed in the summer of 2016.

For surveying the discharges, AqualisBraemar finished the first shipment in Qingdao China on 15 February 2016. The discharge of the second vessel will start at the end of February 2016. The rest of vessels will arrive in Qingdao for discharges in March, April and in the 3rd quarter of 2016.

Cantex Global specialises in global logistics of heavy and large cargos, especially in the offshore oil and gas sector.

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

ENDS

For further information, please contact:

Media
Endre Johansen, Corporate Communications AS
tel: +47 41 61 06 05 | email: endre.johansen@corpcom.no

Investors
Kim Boman, CFO, Aqualis ASA
tel: +47 959 63 912 | email: kim.boman@aqualis.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries, offers energy consultancy services to the oil and gas, wind and solar sectors globally. The group employs experienced consultants across 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. Adler Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of Adler Solar.