Siem Offshore has entered into a new three-year contract for the OSCV Siem
Stingray with Subsea7 as charterer. The contract will commence in direct
continuation of its current commitment, securing further firm utilization of 3
years. 

Subsea7 intends to employ the vessel supporting its clients world-wide
predominantly within the Oil and Gas Sector undertaking projects within Offshore
Construction and Inspection, Maintenance and Repair (IMR).

Contact:
CEO Bernt Omdal, +47 91522299
CCO Andreas Hageli, +47 90977682

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