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Aker Yards to build ROV Support Vessel

Maritime Activity Reports, Inc.

March 30, 2006

Aker Yards has entered into a contract with GEO ASA for the building of an ROV Support Vessel. The value of the contract is approximately NOK 400 million.

The vessel will be built by Aker Yards in Brazil, with delivery scheduled for May 2008, and is of the design Aker ROV 06, designed by Aker Yards Project. The vessel is of 106 meters length x 21 meters breadth, accommodation for 100 persons, equipped with a 140 tonnes offshore crane, and will have DP Class 2.

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