Siem WIS AS - first commercial PCD contract

Siem WIS AS, a company 60% owned by Siem Offshore, is pleased to announce that it has entered into its first commercial contract for Siem WIS’ Pressure Control Device (“PCD”) with Statoil ASA.

 The PCD was recently qualified for managed pressure drilling (“MPD”) operations at Ullrigg

 test facilities in Stavanger.


 The operation will be performed on Statoil’s Gullfaks field. The equipment is mobilized,

 and the work is to commence in Q1 2010.

 For further information: 
 Jan Atle Andresen
 Director Business Development
 Siem WIS AS
 Phone +47 93 01 67 32

Published 24-03-2010 in the Investor category