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Marine Log

November 17, 2006

Island Offshore back at Aker

Aker Yards has signed a contract with Island Offshore in Ulsteinvik, Norway to deliver one UT 776 CD Platform supply vessel.

This is the twenty-third contract between Island Offshore--in which Edison Chouest Offshore is a partner--and Aker Yards.

The 93 m x 20 m vessel will have deadweight of 4,000 tons

The total value of the contract is approximately NOK 315 million (about $49 million}.

Delivery of the vessel is scheduled for July 2009.

The hull for the vessel will be built in Romania and it will be outfitted at Aker Yards, Brevik.

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