Siem Offshorehas been awarded a 55 days firm contract plus options, in addition to mobilization and demobilization fees, for the MPSV "Siem Dorado" for work in Guyana. The work scope, on behalf of charterers, will consist of fibre optic cable lay, supportand hook-up. Commencement of mobilization will take place later this summer. It is highly satisfactory for the Company to see top tier clients coming back to further strengthen our relationship, as well as for the Company to further build on its track record on a world wide basis by performing work in the emerging Guyanese market.

Contact:

Bernt Omdal –CEO  +47 91522299

Andreas Hageli –CCO  +47 90977682