Marine Log

June 6, 2006

Acergy charters construction vessel newbuild

Acergy S.A. (NASDAQ NM: ACGY; Oslo Stock Exchange: ACY), the former Stolt Offshore, has entered into an agreement with DOFCON ASA for the charter of the Skandi Acergy, a new build heavy construction ship.

The two companies have agreed to not disclose the day rate.

The 8 year charter will commence upon delivery, which is scheduled for the second quarter of 2008.

Construction is taking place at the Aker Soviknes Yard in Norway and, once complete, the ship will be a class leader amongst heavy construction ships.

The new ship will be 153 metres in length, will have a cargo deck area of 2,100 m2 and will be fitted with a heave compensated crane with 400 metric tonne lift capability, a 3,000 tonne under deck carousel and have Class 3 dynamic positioning.

The ship will meet the latest environmental criteria, have a fast transit speed and will have an ice class hull enabling it to operate in the Barents Sea and Northern North Sea.

Bruno Chabas, Acergy's Chief Operating Officer, said, "The charter of this new ship will give us greater flexibility of operations in the North Sea market and her high transit speed also makes her eminently suitable for the worldwide market. By entering into this charter, we continue to implement our strategy to rejuvenate our fleet, making it younger, more versatile and better suited for our client requirements."