JDR TO SUPPLY FMC WITH (IWOC) UMBILICAL AND REELER SYSTEMS FOR THE CLOV PROJECT

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Littleport, United Kingdom – 16 March 2011 – JDR Cables Systems LTD.

FMC, a leading provider of flow equipment products, systems and services has chosen JDR Cable Systems Ltd. to supply intervention workover and control (IWOC) umblical and reeler systems. The umbilical systems will be delivered in 2011 as part of FMC’s supply of integrated subsea systems to Total for CLOV project, one of Angola’s most prestigious and important projects.

JDR have won the contract to supply nine IWOC umbilical and reeler systems for this project. JDR will be responsible for the design, manufacture and testing of the umbilical and reeler systems built to full DNV standards.

The CLOV development project in Angola’s deep offshore Block 17 is located around 140 kilometres from Luanda and 40 kilometres northwest of Dalia, in water depths ranging from 1,100 to 1,400 metres. The block partners include, Total E&P Angola (40%), Statoil along with Esso Exploration Angola (Block 17) Limited and BP Exploration (Angola) Ltd.

Four fields will be brought on-stream in the development of the CLOV project: Cravo, Lirio, Orquidea and Violeta with 34 subsea wells tied back to the CLOV Floating Production, Storage and Offloading (FPSO) unit.

The systems will be delivered from JDR’s Littleport, UK factory throughout 2011 with final delivery expected in October 2011.

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