Rem offshore ASA has entered into a long term contract with the Australian Sub Sea company Clough on new building 321 at Kleven Yard with delivery June 2008. The contract has a fixed durance of 5 years, with further options of three times on year.

Commencement on delivery from Yard. The contract has been entered intoon market terms.

 

The entry of this contract confirms the strategy

of Rem Offhsore ASA that the MPSV ships will be chartered on long term contracts.

 

Contact information:

 

Åge Remøy (CEO)    +47 700 81 164 / +47 905 91 292

Arild Myrvoll (CFO)    +47 700 81 894 / +47 900 14 188