James Fisher, Divex Contract

RNS Number : 0596Q

Fisher (James) & Sons plc

27 August 2014

 



27 August2014

James Fisher and Sons plc

DIVEX TO SUPPORT BP Exploration

James Fisher and Sons plc (FSJ.L) ("JFS") today announces that its subsidiary Divex has been awarded a contract by Keppel Singmarine ("KSM") to supply a saturation diving system for the BP Exploration Shah Deniz II Project in the Caspian Sea.

Divex, the global leader in the design and delivery of saturation diving systems, has been contracted by Singapore shipyard KSM for the engineering design, supply, installation and commissioning of a 300 metre depth, 18 man, twin bell / twin hyperbaric lifeboat saturation diving system.

The diving system will be installed into a 155m vessel being built for the BP Exploration Shah Deniz II Project in the Caspian Sea.  The vessel is being built in Singapore and is expected to be completed in the Baku Shipyard for delivery in 2017.

Nick Henry, Chief Executive Officer of JFS said:

"This is a complex project which requires the very latest diving technology and we are delighted that Divex has been selected to complete this contract.  This is testament to the market leading design skills and technology which Divex possesses and we are looking forward to working with Keppel Singmarine on this important project."

Contacts:

James Fisher and Sons plc	Nick Henry	Chief Executive Officer	020 7614 9508
FTI Consulting	Richard Mountain Sophie McMillan		020 3727 1374

 

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