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StatoilHydro and Statkraft have awarded a major contract to Master Marine of Norway.

April 6 - Scira Offshore Energy Limited, with its 50/50 partners StatoilHydro and Statkraft, has awarded a contract to Master Marine ASA for the planning and installation of 88 wind turbines and 2 substation modules for the Sheringham Shoal Offshore Wind

Project engineering work will start 2nd quarter 2009 and the installation campaign for the 2 substations and the 88 wind turbines will commence early in 2011.The installation work is planned to be completed during 3rd quarter of 2011. The contract value is estimated to be Euro 78 million. This contract award proves the versatility of the Master Marine's concept of their construction Jack Ups. The first unit was awarded a contract for ConocoPhillips last October as an accommodation unit at Ekofisk for a 3 year period starting the summer of 2010.

With these two contracts with major players within the energy market; Master Marine has taken important steps towards being recognised as a serious and competent offshore support company. The unique vessel concept represents a flexible solution to the energy companies within their areas of need.

Master Marine is a Norwegian offshore service company, specialising in the transportation and installation of heavy offshore structures for the oil and gas industry. Currently the company has two Service Jack Construction vessels being built at the Drydocks World yard in Indonesia. The first vessel, which was awarded a 3 year contract with Conoco Phillips in October last year, will be delivered Q1 2010, and the second vessel, which has been awarded the contract for the Sheringham Shoal Windfarm Installation will be delivered Q3 2010.

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