AUGUST 29, 2013 — Island Offshore, a leading Light Well Intervention (LWI) specialist in which the Chouest and Ulstein family are partners, has been selected by Premier Oil UK Limited to undertake a new LWI service contract on the U.K. Continental Shelf.

Island Constructor

Premier, a growing oil and gas exploration and production company, awarded the business to Island Offshore and the North Sea RLWI Alliance, the operator of three monohull vessels specially designed for well intervention tasks.

Commenting on the new business win, Robert Friedberg, Managing Director of Island Offshore Subsea, says: "Premier Oil is a new client for us and, with its proven track record and ambitious growth plans, an exciting name for us to partner with for the future. This is yet another important UKCS contract win for the company, consolidating our standing as a preferred supplier within both the sector and the wider industry."

The agreement covers activity such as wireline services (a core Island Offshore competence), with work to be carried out by Island Constructor, a 120 m long, 8,200 ton, state-of-the-art Ulstein built X-Bow vessel.

"This is the third contract on the UKCS that the Island Constructor has won this year, demonstrating the tangible benefits of our investment in building a modern fleet of high-specification service vessels," says Mr. Friedberg.