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OPE Awards SSP-320 Design to WorleyParsons

Maritime Activity Reports, Inc.

January 9, 2008

OPE, Inc. has awarded WorleyParsons SEA Engineering the detailed design of the SSP-320 Hull. The Satellite Services Platform (SSP) is a patented spherical-shaped floating vessel with a unique center column that provides measurable advantages over ship-shaped vessels and traditional platforms. The SSP project engineering team is expected to deliver the specified material and fabrication packages in the third quarter of 2008 to obtain accurate construction quotes and shipyard availability. This model has a 1,250,000 barrel oil storage capacity and 80,000 bopd production capacity.

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