AYOP News March 2008

IJmuiden, 27th March 2008



FABRICOM OIL&GAS WINS CIRRUS ENERGY CONTRACT FOR THE COMPLETE MANUFACTURE AND INSTALLATION OF GAS PRODUCTION PLATFORM

Fabricom Oil&Gas B.V. won a contract for the construction of a complete platform for Cirrus Energy Nederland B.V. As a relatively new player in the Dutch offshore market, Cirrus is anticipating the need for profitably exploiting smaller gas or oil fields in the North Sea. Fabricom Oil&Gas makes this type of exploration possible by manufacturing, installing and maintaining platforms as an integral service package. The placement of the platform to the north of Ameland and putting it into operation are scheduled for the second half of 2008.

As a 'Total Care Partner', Fabricom Oil&Gas delivers efficient solutions for the exploitation of smaller fields. "We have developed a unique concept with which we provide a complete service package to our clients: the 'Total Care Concept'. This contract from Cirrus Energy Nederland, which involves the construction of a completely new platform for the client, perfectly fits into this concept," according to Jaco Fleumer, Fabricom Oil&Gas Commercial Manager. The offshore installation will be carried out by Fabricom Oil&Gas using the JB 110, Jack-up Barge B.V.'s self-elevating platform. The entire facility is certified by Lloyds. Fleumer is proud of the process monitoring and execution of the project. "We are working with an integrated and specifically selected contract management team in which each member has his own area of specialisation and responsibility. Aside from this, the management teams in both companies keep their finger on the pulse on a regular basis via the steering committee."

Efficient, Sustainable and Safe
The Minimal Facilities Platform is completely energy-self-sufficient through use of its own wind mills and solar energy panels. The platform is furthermore developed with sustainability in mind. It can be completely reused and be modularly reconstructed in a different location. This is a definite advantage in relation to the exploitation of marginal fields. The platform will be operating without any personnel. Facilities for the Offshore Access System developed by Fabricom Oil&Gas in collaboration with Amec will be installed for access to the platform. This allows workers to comfortably and safely access the platform from a replenishment vessel, even in bad weather. Both the Offshore Access System and the unmanned operation contribute to a significant degree to safely working at sea.

FABRICOM OIL&GAS
Fabricom Oil&Gas focuses on the Oil&Gas and Energy markets in Europe, and in particular the North Sea offshore region. Consisting of companies in the UK, Norway, Belgium and the Netherlands, Fabricom Oil&Gas is a coherent operational unit, ideally positioned around the North Sea to serve its customers. The aim of the group, which has a long history in the European market, is to act as a key player offering added-value onshore and offshore services and solutions to the Oil & Gas and Energy groups in Europe. "A solid partner in a fluid world."

With Axima, Axima Services, Elyo, Endel, Fabricom GTI, GTI, Ineo and Tractebel Engineering, Fabricom Oil&Gas is part of SUEZ Energy Services.

As the European leader in multi-technical services, SUEZ Energy Services offers global solutions to its customers in the industry, the infrastructure and the tertiary sectors, from the design, realisation and maintenance of installations to energy and utilities management and long-term multi-technical management. SUEZ Energy Services employs 67,000 people and achieved revenues of € 11.3 billion in 2007. SUEZ Energy Services is one of the four business lines of the quoted international industrial group SUEZ.

PRESS CONTACTS:
Arno van Poppel, Managing Director
Fabricom Oil&Gas BV
Strandweg 4, 1976 BS IJmuiden
P.O. Box 73, 1970 AB IJmuiden
Tel: +31 255 - 561 065
Mob: + 31 6 55 85 30 01
Email: arno.van.poppel@fabricom.nl; internet : www.fabricom.nl

Ingrid Clauwaert, Manager Public Relations
GTI NV
Kosterijland 50, 3981 AJ Bunnik; postbus 210, 3980 CE Bunnik
Tel: + 31 30 656 94 59 - Fax: + 31 30 656 94 15
Email: ingrid.clauwaert@gti-group.com; internet: www.gti-group.com

7th March 2008

Den Helder based, Peterson Offshore Group (POG) and UK based SBS Logistics Ltd jointly announced today that they plan to restructure and re-brand their businesses in the Netherlands and in the UK over the next 3 months. As part of the restructure SBS Logistics Ltd will become a wholly owned subsidiary of POG and will trade in the name of Peterson-SBS. The existing Dutch companies belonging to the group will also trade in the name of Peterson-SBS.

Peterson is privately owned and was founded in Rotterdam in 1920. It specialises in logistics services, quality control and risk management and has over 2000 employees in over 50 countries around the world. Peterson Offshore Group acquired a 20% shareholding in SBS Logistics Ltd in 2005 and this restructuring of its Oil & Gas logistics operations is seen as a natural development of what has been a very successful strategic partnership between the companies.

SBS Logistics Ltd, headquartered in Aberdeen since 1998, was subject to a Management Buy-Out in 2002. In the last 6 years it has pursued a successful growth strategy by developing its range of integrated offshore logistics services in support of its customer.s exploration, production and decommissioning activities in the UK and through the development of new and existing supply bases in Shetland, Aberdeen, Edzell, Great Yarmouth and Heysham. The Company now employs 400 staff in the UK.

Rob Tompot, CEO of Peterson commented .our further investment in SBS underlines that we are very confident about the future of SBS and the Oil & Gas market in the UK. In Holland we learned with support of our clients how to deal best with the maturing of the Continental Shelf. We developed innovative solutions like vessel sharing and helicopter sharing which proved to be very cost effective, improved safety and flexibility. We hope to be able to add more service value to SBS.s clients by making these systems available to them. We will continue to learn from each other and implement best practice in both regions.
By offering the SBS management shares in Peterson Offshore Group we continue to keep the right entrepreneurial spirit within this successful company. This with the ongoing focus to deliver in depth quality E&P logistics solutions performed at the highest safety levels to our clients round the North Sea and other areas in the world where Peterson is already established. We want to be the quality alternative...

Mike Porter, Managing Director of SBS Logistics, commented .We are very proud of what our team has achieved in the last 6 years, however felt that to achieve our full potential and realise our ambition to improve, expand and internationalise our range of services we needed to be part of a larger group highly regarded by the Oil & Gas Industry and with an established global network. We have achieved this with this deal and at the same time retained our privately owned status which allows us to take a long term view when developing our relationships with staff, clients and suppliers.