ABL Group — Regulatory Filings 2015

Aug 5, 2015

Aqualis ASA : Aqualis Offshore signs liftboat deal

Aqualis ASA : Aqualis Offshore signs liftboat deal

5 August 2015 - Aqualis Offshore, part of Aqualis ASA, has been contracted by

Mekers Offshore Ltd to supervise the construction of the Zhejiang-based

company's two new liftboats. Contract value is undisclosed.

Mekers Offshore's two liftboats will be built by Dajin Heavy Industries in

China. Aqualis Offshore will operate as Mekers Offshore's on-site team to

monitor and supervise the construction of the two liftboats, to ensure that all

work is carried out in accordance with the contract, its specifications, the

client's expectations, flag and class requirements.

Aqualis Offshore's Shanghai office will manage the project. Duration of the

project is 18 months. Start on site is expected in September 2015.

"This is a significant project for Aqualis Offshore. I am delighted that Mekers

Offshore has put their trust in us. Our team's construction supervision

experience is second to none, and that has helped us secure these important

liftboat projects," says Phil Lenox, director - Asia Pacific, Aqualis Offshore.

A liftboat is a self-propelled, self-elevating vessel with a large open deck

capable of carrying equipment and supplies in support of various offshore

exploration and production activities. A liftboat can rapidly raise its hull

clear of the water to provide a stable platform from which offshore maintenance

and construction work can be conducted.

Aqualis Offshore is a specialized marine and offshore engineering consultancy

focusing on the shallow and deep-water offshore segments of the oil and gas

sector. Its core services include concept, FEED and basic design engineering for

upgrades and conversions of jack-ups, FPSOs and rigs, transportation and

installation, marine warranty, dynamic positioning, construction supervision and

due diligence services. The company also offers rig moving services.

ENDS

For further information, please contact:

Investors

Christian Opsahl, CFO, tel: +47 901 101 53, email: christian.opsahl@aqualis.no.

Media

Endre Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email:

endre.johansen@corpcom.no.

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries,

offers marine and engineering consultancy services to the offshore oil, gas and

renewable sectors globally. The group employs 222 experienced consultants across

15 offices in 10 countries worldwide. Aqualis ASA operates under two different

brands: Aqualis Offshore and Offshore Wind Consultants. Aqualis Offshore is a

specialized offshore marine and engineering consultancy firm, focusing on the

shallow and deep-water offshore segments of the oil and gas industry. Offshore

Wind Consultants is a globally focused consultancy providing independent

services to the offshore renewables industry.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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