Bluestream Offshore Awarded Second IRM Program

For the second consecutive year Bluestream has been awarded the yearly
inspection program of 21 platforms and 10 subsea domes in the Dutch sector
of Total E&P Nederland B.V..

This yearly campaign consists of 3 major phases. All work will be conducted
from DSV VOS Shelter. The VOS Shelter was mobilized in March for the first
campaign.

For the first campaign a diving together with a rope access team have been
mobilized to execute eddy current testing’s, ultrasonic wall thickness readings,
close visual Inspections and integrity verifications. The second campaign will
consist of ROV inspections and is merely focused on surveys, marine growth
measurements and floating member detections. The third campaign again is
mainly focused on diving operations and is scheduled direct after the ROV
campaign . In addition to this year's workscope the reconditioning of several
fenders has been added.

Together with the inspection program awarded by a fellow operator, this
inspection program marks Bluestream's growth in the IRM market. Bluestream is
heavily investing in qualified project engineering personnel and its equipment
to be able to serve her clients to their expectations and maintain a high
standard on both quality and safety during the execution of the operations.