Chiefexecutive Jan Arve Haugen described as a “breakthrough” the company’s award toprovide design services for a new shallow-water Arctic rig concept for Kara Seaexploration to be developed by the Vostochniy Offshore Structures ConstructionYard for partners Rosneft and ExxonMobil.

It givesthe offshore contractor a valuable role in helping to realise an innovative rigconcept for year-round operation that will be capable of withstanding extremeice, wind and wave conditions, as well as sub-zero temperatures, in the harshArctic environment.