Contractors Unlimited

Acergy S.A. Awarded $120 Million Contract Offshore Nigeria

Acergy Logo Acergy S.A. has announced the award of a contract valued at approximately $120 million, offshore Nigeria in shallow water depths.

This contract includes the removal of existing risers and the installation of approximately 15km of new pipelines and associated risers, together with associated diving and hook-up activities.

Construction engineering will commence immediately, with offshore installation due to commence in Q1 2011.

Bruno Chabas, Acergy's Chief Operating Officer, said:

"We are pleased to have been awarded this contract, which builds on our strong local presence and provides an excellent opportunity to leverage our expertise, re-enforcing Acergy's strong presence in the upgrade and maintenance of complex conventional field developments in West Africa."

Acergy S.A. (NASDAQ-GS: ACGY; Oslo Stock Exchange: ACY) is a seabed-to-surface engineering and construction contractor to the offshore oil and gas industry worldwide. Acergy provide integrated services, and we plan, design and deliver complex projects in harsh and challenging environments.

Published 07/06/2010

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