Acergy S.A. Awarded $40 million Contract in Asia

Acergy S.A. announced today that it had been awarded a contract by Woodside for
construction work on the Vincent Development project in North West Cape off Western
Australia. The contract, valued at approximately $40 million, is for the transportation and installation of a Submerged Turret Buoy system for the FPSO and for the installation of a subsea manifold and multi-phase pump structures. The installation work, in water depths of up to 390 metres, is scheduled for the third quarter of 2007 from the Toisa Proteus.