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AKER YARDS TO BUILD ROV SUPPORT VESSEL FOR GEO ASA
31.10.2005

Geo ASA and Aker Yards ASA have agreed to build an ROV Support Vessel, worth approximately NOK 370 million, to be delivered in May 2007.

The vessel is designed by Aker Yards, with a design called Aker ROV 06. It is designed and equipped for subsea operations, including operations in the Northern oceans. First-class sea-keeping and ice-going capabilities, and excellent station keeping performance have been main focus areas when designing this highly specialized vessel. Strong focus on safe and environmentally sound working operations, low fuel consumption and precautions complying with DNV's Clean Design requirements are other main characteristics of the design. 
For further information, please contact:
 
Hans M. Gravdal, CEO, GEO ASA                                                                                      
+47 91 33 28 54
 
Tore Langballe,
SVP Corporate Communications and IR,
Aker Yards ASA          
+47 24 13 01 30
                                                                       
                                               
 
GEO ASA was established by DOF ASA in May 2005, after DOFs acquisition of GEO Group AS with its subsidiary Geoconsult AS. Geo carries out subsea-operations within three main areas; seabed-mapping of topography and the other levels of sediments,  inspection, maintenance og repair (IMR) of offshore installations, and construction support with ROV.
 
 
Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels and is one of the world's five largest shipbuilders. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels & ferries, merchant vessels, offshore & specialized vessels. Aker Yards, with a turnover of NOK 12.5 bn. in 2004, comprises 13 yards in Norway, Finland, Germany, Romania and Brazil,  and has approximately 13.000 employees. www.akeryards.com
 

 
   
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