By Siem Offshore

Five Oceans Services GmbH announced today that the Company’s shareholder and board of directors approved a name change to Siem Offshore Contractors GmbH (“SOC”).

SOC is an experienced submarine cable and subsea umbilical installation, repair and maintenance contractor serving the worldwide offshore oil and gas as well as renewable energy industries.

The company has gained good experience by providing its service to the demanding worldwide offshore oil and gas industry, and meeting the highest industry standards for quality, health, safety, security and environmental protection. The company’s head office is situated in Leer, Germany.

In April 2011 the company became a wholly owned subsidiary of Siem Offshore (“SIOFF”) and has direct access and utilises in-house resources of SIOFF as its core assets to service its clients. The combined capabilities of SIOFF’s marine operations and the engineering and installation experience of SOC form a natural and strong partnership to the benefit of its clients.

The team behind the SOC organisation has more than 25-years experience from the submarine cable and subsea umbilical installation, repair and maintenance market, whereby various engineering disciplines are fully integrated with geophysical and geotechnical expertise.

Based on its in-house resources as well as experiences, SOC can install, maintain and repair submarine cables as well as subsea umbilical in any water depths and geographical area.

To complement its client requirements for turnkey solutions, SOC has established long-term cooperation agreements for services including but not limited to diving, trenching and ROV support, marine survey and positioning as well as cable termination, testing and commissioning.