TransAtlantic signs contract for three of its offshore vessels

TransAtlantic has through its joint venture company, Trans Viking signed a
contract with the English company Capricorn Energy Ltd. Capricorn is a wholly
owned subsidiary of the British oil company Cairn Energy UK PLC based in
Edinburgh.

The two combined AHTS/Icebreaker Balder Viking and Vidar Viking and the newly
built AHTS-vessel Loke Viking will assist oil drilling west of Greenland,
starting in mid June/July 2010. The operation extends over a four month period.

Loke Viking is the first new building in a series of four, being built at
shipyard in Spain. The vessel will be delivered in mid-May and then, after some
preparation, heading towards Greenland for its first long-term mission.

 - "This is very positive and in line with our strategy to find long-term
contracts to supplement the fleet normal job on the spot market in the North
Sea," says CEO Stefan Eliasson in a comment


   For more information please contact CEO Stefan Eliasson, +46 304 67 47 00




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