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CSO Deep Blue Delivered

Maritime Activity Reports, Inc.

April 23, 2001

Coflexip Stena Offshore said its new-built ultra deepwater pipelay and subsea construction vessel, the CSO Deep Blue, was delivered on March 1, by Hyundai Mipo Dockyards after is successfully completed sea trials.

CSO Deep Blue – at the time of the release — was sailing to the Netherlands, where her unique CSO designed pipelay equipment, will be installed. This pipelay system will allow the vessel to lay rigid pipe (reeled and J-Lay), flexible pipe, and umbilicals down to 8,200 ft. (2,500 m), offering CSO clients the full range of products and installation options for their deep and ultra deepwater developments. The vessel is to begin operations during summer 2001 after sea trials with her pipelay equipment. The CSO Deep Blue will undertake the installation of the export pipeline systems on the Boomvang and Nansen field developments, located in 3,600 ft. water depth in the Gulf of Mexico. It will start operations from the newly established CSO spoolbase located in Mobile, Alabama, USA.

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