Press releaseGOLDEN ENERGY OFFSHORE

Golden Energy Offshore and Vestlandwith additional options to extend –over the operation of the new build PSV, yard No 150 at Hellesøy Verft ASdue for delivery in January 2013. Golden Energy Offshore will name the vessel “Energy Insula”. Energy Insula is a modern high spec“modern look”, excellent station keeenvironment profile. Main particulars

Length over all LPP Breadth moulded Depth to 1st deck Total deck area, approx

Class notation:

DNV *1A1,Ice C, DYNPOS AUTR, Clean Design, Comf V3/C3, E0, SF, dk(+), 10t/m2, LFL*,HL (p), Oil Recovery, NAUT/OSV (A),NOFO 2009

Press release

GOLDEN ENERGY OFFSHORE Ålesund 16.11.2012

Golden Energy Offshore and Vestland Offshore have today entered into a 5 years Bareboat – on private terms and condition where Golden Energy Offshore take

new build PSV, yard No 150 at Hellesøy Verft AS from delivery

will name the vessel “Energy Insula”.

Energy Insula is a modern high spec large size PSV of VS 485 Mk III design, a well proven design with “modern look”, excellent station keeping capabilities and very low fuel consumption and enhanced

: 85.32 m : 77.70 m : 20.00 m : 8.60 m : 1000 sq (10t/m2)

DNV *1A1,Ice C, DYNPOS AUTR, Clean Design, Comf V3/C3, E0, SF, dk(+), 10t/m2, LFL*,HL (p), Oil Recovery, NAUT/OSV (A),NOFO 2009

a 5 years Bareboat agreement on private terms and condition where Golden Energy Offshore take

from delivery . The vessel is

PSV of VS 485 Mk III design, a well proven design with fuel consumption and enhanced

DNV *1A1,Ice C, DYNPOS AUTR, Clean Design, Comf V3/C3, E0, SF, dk(+), 10t/m2, LFL*,

“It is very positive for Golden Energy Offshore to get the “Energy Insula” into our fleet, with sight of global increase in activities and optimism to the industry on a general basis and with operation in more and more harsh environment which “Energy Insuhigh demand on specification for operation in such areadevelopments and monitor closely and with great interest the market possibilities this givesEnergy Insula fit well into our further plans.

For further information contact: Per Ivar Fagervoll CEO – Golden Energy Offshore

“It is very positive for Golden Energy Offshore to get the “Energy Insula” into our fleet, with sight of global increase in activities and optimism to the industry on a general basis and with operation in more and more harsh environment which “Energy Insula” is very well capable to operate in and meet the

for operation in such area, Golden Energy Offshore observe this developments and monitor closely and with great interest the market possibilities this gives

into our further plans.” – Fagervoll says in a statement.

Golden Energy Offshore mobile +47 97 42 88 84 or email

“It is very positive for Golden Energy Offshore to get the “Energy Insula” into our fleet, with sight of global increase in activities and optimism to the industry on a general basis and with operation in more

very well capable to operate in and meet the Golden Energy Offshore observe this

developments and monitor closely and with great interest the market possibilities this gives – thus

2 88 84 or email pif@geoff.no