Zentech Inc. has been awarded the Shipyard Construction Specification Preparation contract by BW Energy for the Conversion of the Jack-up Rig ‘Hibiscus Alpha’ (ex- BORR Rig “ATLA”) to an Offshore Installation. The conversion will result in a state-of-the-art production facility for deployment in West Africa.

Zentech also conducted the FEED (Front End Engineering Design) study. It is currently doing the Detail Engineering Study for the Jack-up conversion into an Offshore Installation (OI) for a 20-year operation in the field, per the rules and regulations for ABS Classification Society as part of an earlier contract with BW Energy. Zentech has also been contracted by BW Energy to develop the Construction Specification document as part of developing the ITT, and it will be issued to various shipyards in the Middle East.

The Company has also carried out the management of similar MOPU conversions in shipyards on an EPIC basis and will allocate the most experienced resources for the successful completion of this project.

ABOUT ZENTECH

With over forty-three (43) years of experience in providing innovative engineering solutions, Zentech Incorporated is a Houston, Texas-based marine engineering, project and construction management, and naval architecture firm specializing in the offshore oil and gas and renewable energy industries. The Company’s expertise encompasses dynamically positioned semisubmersibles, drill-ships, jack-up drilling units, modular platform drilling rigs, barge rigs, fixed offshore platforms, floating production systems, risers, and pipelines.

BW ENERGY

BW Energy is a growth Exploration & Production company listed on the Oslo Stock Exchange with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments.