Seajacks Ltd

Seajacks International Ltd (Seajacks) has entered into a contract with Lamprell Energy Ltd (Lamprell) to build two special purpose four legged self-propelled jack-up units to facilitate well intervention and platform maintenance services in the Southern North Sea (SNS). These units will be delivered and available for work in the North Sea from Q1 2009 and Q2 2009 respectively.

Seajacks units have been specifically designed in full compliance with UK, Dutch and Danish sector regulations by GustoMSC, the leading designer of harsh environment jack-ups in the world. They are outfitted with DP-2 dynamic positioning capability to ensure fast, efficient and safe movement between SNS platforms without the assistance of tugs.

Seajacks has the option to build three additional units of similar design, which will be tailored for work in North Sea or more benign environments on a case specific basis.