Sales and Marketing Co-operation agreement between Marine Subsea Group AS / EXSTO sas and its subsidiary Dunlaw Engineering Ltd.

Åndalsnes, Norway / Romans-sur-Isère, France / Atworth, UK 31st August 2007

Marine Subsea Group AS (MSG) based at Åndalsnes in Norway, supplier of advanced Subsea buoyancy products for offshore / subsea market, Dunlaw Engineering Ltd (Dunlaw) based in Aberdeen and Atworth in UK, supplier of advanced polyurethane and steel ancillary products for the offshore / subsea market, and its mother company EXSTO sas based in Romans-sur-Isère in France, manufacturer of cast polyurethane products, announce that the companies have entered into a Sales- and Marketing Agreement for the offshore market.

The companies have complementary product ranges, and under this Agreement the companies will optimise their marketing efforts, and propose complete product packages of buoyancy and ancillary products to pipeline manufacturers and oilfield installers world wide.

A first joint contract is already entered into with Nexen Inc. UK, under which the companies delivers from MSG buoyancy systems for a flexible riser and an umbilical cable, and Impact Protection from Dunlaw.

Christophe Torres, Director of Dunlaw Engineering Ltd and General Manager of EXSTO sas, comments the agreement:

“For our customers in the offshore business, this agreement offers the possibility to contract for a global package, with our existing range of products (bend restrictors, bend stiffeners, VIV’s strikes, SCIP for impact protection, protective sleeves, seals, markers, etc.) including the buoyancies expertise from Marine Subsea Group.”

Egil Opsahl, Managing Director of Marine Subsea Group AS says:

“The co-operation with Dunlaw and Exsto optimises our market presence, and enables us to propose complete product packages to our customers while focusing our own efforts on optimising our products and technologies for subsea buoyancy. In addition, a close relationship with polyurethane manufacturing experts opens interesting future perspectives."

Click here to view the PDF version of the press release: Press Release August 07 Exsto Dunlaw MSG.pdf (opens new page)

Marine Subsea Group website (opens new page)

EXSTO website (opens new page)

The 19th annual Deep Offshore Technology International Conference & Exhibition (DOT) is scheduled for October 10 -12, 2007 and will be held at the Stavanger Forum in Stavanger , Norway . Statoil will host this event which promises to draw exhibitors and attendees from the oilfield centers in the North Sea, Russia, China, Asia, Europe, Africa, Brazil and the United States,

DOT will bring the world's brightest technological minds together for a three-day conference dedicated to the sharing of information and technology among industry professionals while highlighting Norway as one of the top producing oil and gas exploration and production areas in the world."

DOT website (opens new page)

The global oil and gas exploration and production (E&P) landscape is changing dramatically, with increased demand, rising recovery rates, ever more complex workflows, increased health and safety focus, and the challenge of recruitment and retention.

The conference and technical exhibition take place at the AECC and offers an unprecedented international meeting place for debate and knowledge sharing by engineers, technical specialists, executives, policy makers, legislators and industry leaders to maximise recovery, extend field life, improve operations and best practise levels in a safe and sustainable manner.

Offshore Europe website (opens new page)

The 7th annual Subsea Tieback Forum & Exhibition (SSTB) is scheduled for February 27 - March 1, 2007 in Galveston, Texas at the Moody Gardens Hotel & Conference Center. Building on the success of past six conferences, SSTB will feature brief, up-to-the-minute presentations on the key issues affecting subsea tiebacks.

As demand drives exploration into deeper water, operators, field engineers and project managers depend on new technology for meeting new challenges. At the SSTB conference, they meet to discuss engineering and technical developments that will bring them success in demanding new conditions.

Subsea Tieback 2007 website (opens new page)

SUBSEA UK
Annual Exhibition 8th February 07
A.E.C.C

Subsea UK website (opens new page)

Since the beginning of March 2006, DUNLAW became a subsidiary of EXSTO.

EXSTO is a French global industrial company specializing in design and production of engineered parts from polyurethanes, thermoplastics and composites technologies.

The company is involved in several industries including offshore applications, with a leading position in polyurethane.

The synergy between the two companies creates the most beneficial partnership, as the acquisition of DUNLAW ENGINEERING represents the opportunity to develop the positioning on a strategic market for EXSTO, and offers to DUNLAW the possibility to expand its capability in bend restrictors, stiffeners, VIV's strakes, SCIP for impact protection, protective sleeves, seals, markers, etc.

A new management team has been set up and will be now supported by a 200 people company.

John Baxevanidis, Technical & Production Manager, and Brian McNally, Director of Sales, will continue to lead the DUNLAW world wide market presence.

Our objective, with significant capital investment, is to rapidly move the company to a higher contract level in the global offshore oil and gas market.

Contact: