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Deltamarin Wins Contract from Petrobras

Maritime Activity Reports, Inc.

April 22, 2009

The Brazilian oil company Petrobras has awarded the Finnish engineering company Deltamarin Ltd the concept study work for their FPDSO development. The contract contains concept design development.

"Deltamarin won this contract because we have a very recent reference in this field namely FPDSO 'Dynamic Producer' for Petroserv, which is now under construction in Singapore at Sembawang Shipyard. Petroserv has a service agreement with Petrobras for Dynamic Producer," said Timo Granberg, Sales Director Offshore at Deltamarin.

The vessel is to be designed as a DP EWT/EPS vessel for the Brazilian Ultra Deepwater Offshore Oilfields.

(www.deltamarin.com)

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