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Aker Maritime Wins Petrobras Contract

Maritime Activity Reports, Inc.

January 30, 2002

Brazilian state oil company Petrobras has awarded Aker Maritime a contract for preliminary engineering for one deepwater platform, with an option for engineering of one additional platform. The preliminary engineering of the first platform has in itself a value of approximately $8 million. The assignment relates initially to a platform for the Marlim South field off Brazil, with an installation for the Roncador field in the same area as an option. The contract has been won against international competition, after Petrobras devoted the whole autumn of 2001 to considering the various tenders.

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