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Ichthys contract for AqualisBraemar

1 June 2016 – Marine and offshore engineering consultancy AqualisBraemar has signed a contract to provide position keeping services for the installation of the Ichthys LNG Project FPSO.

Under the contract, AqualisBraemar will manage the position keeping procedure and provide position keeping masters during the offshore operations. Contract value is undisclosed.

AqualisBraemar will provide the services as a sub-supplier to POSH Terasea Offshore Pte Ltd, who will manage the towage of the FPSO from Daewoo Shipbuilding & Marine Engineering’s (DSME) Okpo yard in South Korea to the Ichthys field offshore Australia, and the station keeping for the mooring process at the field.

The Ichthys FPSO, which will be 336 metres long, will be permanently moored on a non-disconnectable turret for the life of the project, about 3.5 kilometres from the field’s central processing facility (CPF). INPEX is the operator of the Ichthys LNG Project.

“Managing the position keeping operation for floating facilities is one our core competencies. To be trusted with the position keeping role for the FPSO facility for the Ichthys LNG Project is a true honour. Our experienced mariners cannot wait to get started on working with this project.” Phil Lenox, director – Asia Pacific, AqualisBraemar.

AqualisBraemar’s Singapore office will manage and execute the project.

AqualisBraemar has earlier won the contract to provide position keeping services for the installation of the Ichthys LNG Project CPF.

AqualisBraemar is a specialised marine and offshore engineering consultancy focusing on the shallow and deep-water segments of the offshore oil and gas industry. It is part of Oslo-listed energy consultancy group Aqualis ASA.

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 and associates, 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 full-service provider for the PV industry. It offers technical solutions and services for the entire life cycle of photovoltaic plants. Aqualis owns 49.9 percent of ADLER Solar.