Contractors Unlimited

Acergy S.A. Sells Acergy Piper

Acergy Logo Acergy S.A. announced today the completion of the sale of Acergy Piper to Saipem (Portugal) Comèrcio Marìtimo S.U. Lda for
$78 million.

Acergy Piper, a semi-submersible pipelay barge, which has operated primarily in the North Sea and more recently on the Mexilhao Project in Brazil, is the Company's sole operating unit in the non-core trunkline market.

Jean Cahuzac, Chief Executive Officer, said "This is another step forward in our fleet management programme enabling us to continue to differentiate our capabilities in the difficult and harsh environments in which we operate. The sale further enhances our already strong balance sheet and allows management to concentrate on our core markets."

Posted 12/01/09

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