Stolt Offshore has won three contracts for its Northern Europe and Canada Region valued together at approximately USD 90 million. A USD 30 million contract has been awarded for the tie-in of various subsea valves and structures in the Norwegian sector of the North Sea. The offshore work will take place in 2006. A USD 25 million contract has been signed for pipelay and construction work in the Danish Sector of the North Sea involving the installation of one 12-inch diameter pipeline of 18km in length together with a power cable. A contract valued at approximately USD 35 million has been signed for the tie-in and commissioning of various pipelines to manifolds, platforms and subsea isolation valves and the installation of in-field pipelines in the UK sector of the North Sea. The installation work on the latter two contracts will be undertaken by the Seaway Falcon in 2005.
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