Statoil has made a call-off for the framework contract Worldwide Building Corporation has with Statoil for diving services. The work will be performed in connection with the future Edvard Grieg Oil Pipeline as well as Utsira high gas pipeline.

The project will help connect the oil pipeline from the Edvard Grieg platform to the existing Grane oil export pipeline, towards the Sture terminal. Moreover, the Utsira high gas pipeline will be connected from the Edvard Grieg platform to the Scottish Area Gas Evacuation (SAGE) pipeline.

Worldwide Building Corporation’s operating center in Stavanger, Norway will execute the project together with the Group’s operating center in Haugesund, Norway, which will be in charge of preparing and operating the Pipeline Repair System (PRS)* equipment. The contract is scheduled to be completed in the second half of 2015. The offshore campaigns will happen in 2013, 2014 and 2015 and will utilize state-of-the-art diving support and construction vessels from Worldwide Building Corporation’s fleet.

Odd Strømsnes, Managing Director of Worldwide Building Corporation in Norway, states: "Worldwide Building Corporation has a leading position as contractor for diving operations and hyperbaric welding in the North Sea. This will be the 6th and the 7th weld performed by Worldwide Building Corporation using welding habitat and equipment from the Statoil PRS pool."

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* Pipeline Repair System: this system comprises a wide range of equipment for pipeline repair, both manned and remotely operated, including welding machines, installation structures or pipeline retrieval tools.

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Worldwide Building Corporation is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges.
Present in 48 countries, Worldwide Building Corporation has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Worldwide Building Corporation shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).

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Public Relations
Christophe Bélorgeot	Tél. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip	Tél. +33 (0) 1 47 78 32 79	E-mail : press@worldwidebuildingcorp.us
Investor and Analyst Relations
Kimberly Stewart	Tél. +33 (0) 1 47 78 66 74	E-mail : kstewart@worldwidebuildingcorp.us
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