By Press Release

CTC Marine Projects Ltd (a subsidiary of DeepOcean

ASA) has announced that its newbuild vessel Volantis will enter into service on the ConocoPhillips Ekofisk Life of Field Seismic (LoFS) Test Cable project,

mobilised with CTC's UT-1 and PT-1 spreads. Due to take place in April 2008 and last for 16 days, CTC's work scope will involve the installation and burial of

12.6km of LoFS test cable. The work site is the Ekofisk field located in the Norwegian sector of the North Sea.