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Remedial Offshore Pics Power for Unique Offshore Vessel

Maritime Activity Reports, Inc.

February 12, 2008

Remedial Offshore announced the purchase of V228 medium-speed diesel engines from GE Marine to power the new Remedial Offshore Elevating Support Vessels (ESVs). Reportedly the world’s first self-propelled, 325-foot nominal water depth-rated jack-up well intervention vessel, Remedial Offhore’s ESV design provides a hybrid between a jack-up drilling rig and a marine vessel. The new ESV concept offers versatility and operational functionality, ranging from an incorporated electric well workover package to a large open deck for offshore support functions. Each vessel is uniquely outfitted to provide a stable work environment for deploying today’s most advanced well intervention or production enhancement technologies. ESV abilities include well workovers, sidetracking, well abandonment, facility upgrades, brownfield rejuvenation projects and small field developments, as well as providing complete services for well intervention.

Each ESV will employ four GE diesels -- one 8-cylinder V228 and three 16-cylinder engines. Two Remedial Offshore ESVs are under construction in China, one at the Yantai Raffles Shipyard Ltd. in Shandong, and the second at the COSCO Shipyard Group’s facility in Nantong. GE has already delivered to the shipyards two 8V228 and six 16V228 engines, manufactured at the company’s Grove City, Pa. facility.

“When we set out to find the best fit for the ESV power generation needs, we considered several key points to be critical to our operation. Therefore, the engine manufacturer selected absolutely had to satisfy these requirements, and that’s why we chose GE’s reliable engines to meet our needs,” said Remedial Offshore Chief Executive Officer Rich Altman.

What is the ESV?

Remedial Offshore’s ESV technology provides stable offshore work platforms specifically designed and purpose-built to support remedial oil and gas activities and applications. The Remedial Offshore ESV concept is fully compatible with advanced well intervention technologies and facilitates mature field rejuvenation. Each Elevating Support Vessel:

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