Norway: Remora AS Signs Agreement for Conducting Extensive Operations of HiLoad DP Vessel

During May, 2011 Total E&P Norge AS and Remora AS entered into an agreement for conducting extensive operations of the HiLoad DP vessel offshore Norway. The planned operations will be the last step in a series of qualifications for Remora, prior the vessel is qualified for field implementation in among others West Africa and Brazil.

The main objective of the North Sea Operations project is to further demonstrate and verify the operational capabilities of the HiLoad DP vessel. Remora has agreed to make the HiLoad DP available for extensive operations, during which, the HiLoad DP will perform operational exercises with Aframax and Suezmax tankers under various met ocean conditions. Operations are planned to take place Southwest of Kristiansand, Norway during June and July, 2011.

“We are very pleased to have concluded this agreement with Total E&P Norge – being one of the leading international oil companies within an innovative frontier of offshore exploration and production. This project further demonstrates the interest and potentials of the HiLoad DP.” says Peder E. Farmen CEO, Remora AS.

In addition to Total, two other energy companies with significant acres in West Africa, Brazil and other regions in the world has signed up to participate in the North Sea Operations program.

[mappress]

Source: RemoraTech, June 28, 2011.