STX OSV confirms option deal with Siem Offshore

Yard News - October 19, 2012

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STX OSV Holdings Limitedhas confirmed thatSiem Offshore has declared options for the design and construction of two additionalsubsea construction vessels.

The vessels will be equipped with a 250 tonne AHC crane and with launch and recovery
systems (LARS) forROVs.

Deliveries are scheduled from STX OSV Brattvaag in Norway in the second quarter of2014. The hulls of the vessels will be delivered by STX OSV Tulcea in Romania.

STX OSV already has two OSCVs under construction for the same customer in
Norway, and twoPSVs in Brazil.

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