Press Release Noordhoek Pathfinder

Noordhoek Pathfinder

Zierikzee 22 October 2008

Press Release

Another New Vessel for Noordhoek

ROV Survey dedicated offshore vessel is scheduled for the 1st quarter of 2010

Noordhoek Survey B.V. is proud to announce the order of a new DPII ROV Survey Offshore Support Vessel. The decision to introduce another new vessel to the Noordhoek fleet of offshore support vessels is the next step within the growth strategy of Noordhoek. It continues Noordhoek´s fleet rejuvenation programme and adds an industry leading asset to the company's operations. The delivery of this new specialised vessel is scheduled for the 1st quarter of 2010. Following her delivery she will join the Noordhoek fleet and will become the third vessel in operation and the first ROV Survey dedicated offshore vessel for Noordhoek. The addition of the survey dedicated vessel will not only give considerable operational flexibility but also increases the comfort of working conditions for our operational staff.

This state-of-the-art vessel, which will be built at the Dutch shipyard De Hoop, will be 62 metres long, and will be equipped with Dynamic Positioning Grade 2 (DPII), diesel electric drive, with a moon pool, a 25 Tonnes offshore crane, Work & Inspection Class ROV systems, Tow-Fish, ROTV systems and survey suite.

With accommodation for 40 persons segregated over single and double cabins she will be a comfortable and spacious vessel to work on, and will meet the latest environmental criteria while ensuring acoustically quiet operations at survey speeds. The most modern survey equipment will be installed and the systems will have full plug and play interconnectivity. The vessels main functions will be inspection repair and maintenance, hydrography, geotechnical investigation, and analogue / digital geophysical survey. This new addition to the Noordhoek fleet demonstrates the company's strong commitment to the IRM and Survey market in the North Sea where Noordhoek currently operates the DPII DSV Noordhoek Singapore and have one new build DPII Saturation DSV under construction for delivery fourth quarter 2009.

"Noordhoek is known for its strong, innovative and successful position as offshore subsea contractor in the North Sea area. Market developments and needs from customers, as well as our current market position are strong drivers behind the decision to invest in a 2nd new build vessel and it will greatly enhance Noordhoek's survey capabilities. This new build DPII ROV Survey Offshore Support Vessel will be complementary to the existing fleet and will provide our Survey Division with a market-leading asset to further develop our presence in this segment and offer more possibilities to our customers with the latest technology in pipeline & cable inspection, seabed mapping & sampling and construction support." explains Managing Director Leen Noordhoek.

Noordhoek is a leading provider of subsea construction, diving, ROV and survey services to the offshore oil and gas-, renewable- and subsea cable industry, serving operators and contractors internationally and domestically on (primarily) the North Sea and Irish Sea. Construction services include installation, upgrading and decommissioning of pipelines and production infrastructure. Diving, ROV and survey services include inspection, repair and maintenance services and support services for subsea infrastructure and underwater structures.

For more information on this press release, please contact Ms. A. Noordhoek - Kok

E-mail: a.noordhoek@noordhoek.net

///End of press release///

Further vessel details can be found through the following links:

1- Vessel Specification

2- Artist Impressions

3- Video Animation

4- Work in Progress

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