C.M. Wulf Vessel Acquisition

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CMI continues its fleet expansion with the acquisition of another vessel (delivery April 2008). This is a specialist Ultra Shallow Draft Ice Strengthened Anchor Handling Tug “Taucher O Wulf 10” which is now renamed “C.M.Wulf”. The vessel operates in the North Caspian specialising in survey and support roles. The vessel is also capable of shallow draft seismic acquisition and support.

CMI completes the acquisition of Survey Vessel “Freya”

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CMI completes the acquisition of the DP1 ROV/Dive Survey Vessel “Freya” now renamed C.M.Surveyor. The vessel was delivered in Bahrain and is currently operating offshore Saudi Arabia with Algosaibi Diving and Marine Services (ADAMS) as a Dive Support/ROV vessel. The crew is all Azeri offering traditional expertise at a competitive cost. This continues the worldwide expansion of operations for the Group.

C.M. 2007 Purchase

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CMI purchases a brand new flat top barge in Holland. The barge renamed “C.M.2007” and provides Saipem with an offshore work platform for construction support on the Kashagan Field in Kazakhstan. The MOA with owners was signed on 26th June 2007. The barge departed Holland on 28th June, transited St Petersburg 4th July and arrived in Kazakhstan and went on hire on 25th July. A remarkable achievement for the Company proving that a privately owned company can move very fast to ensure rapid delivery of a barge for a customer.

C.M. Kurik Delivery

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CMI takes delivery of the AHT “C.M.Kurik” in Cork, Ireland. The vessel is mobilised from Cork to Kazakhstan to commence work in Saipem’s main Kazakhstan base at Kurik Port. The vessel is crewed with a mix of Azerbaijan and Kazakhstan nationals which further emphasises group commitment to maximising the use of local personnel in the areas in which it operates.