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Tyrihans Field Contract for Fugro

Maritime Activity Reports, Inc.

December 7, 2006

Fugro Structural Monitoring, a division of Fugro Global Environmental & Ocean Sciences Ltd., has been awarded a contract from FMC Technologies to provide a riser management system for the completion/workover riser for Statoil’s Tyrihans Field in the Norwegian North Sea. Working in partnership with MCS, Fugro Structural Monitoring will supply its riser management system, IRIS-RMS, for the project’s C/WO rig. Tyrihans is one of the biggest development projects on the Norwegian continental shelf in coming years, and due to come on stream in 2009.

Using the MCS Flexcom software, the Tyrihans IRIS-RMS will interface with the vessel’s existing system providing data integration; proven predictive analysis, display, and archiving of riser related data. Typically IRIS-RMS computes and displays the vessel envelope of operation and optimum rig location in prevailing metocean conditions. It monitors and records riser loads during operation, displays hot spot stresses within the riser and computes the top tension and tensioner/hook load tension split. It tracks the fatigue life of each joint in the riser, and records and displays riser stresses during unexpected/unplanned incidents. IRIS-RMS warns if the riser is being used beyond its design capacity.

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