APL has received a purchase order from Bergesen Worldwide Offshore in Norway to supply a STP system for the PEMEX operated, KMZ (Ku, Maloob and Zaap) field in the Gulf of Mexico.

The project includes the delivery of a turret, mooring and swivel system, which is scheduled to be delivered in 2006. The total contract value for APL is approximately NOK 380 million.

The contract is pending final agreement between Bergesen Worldwide Offshore and PEMEX.

Facts about APL:
Advanced Production and Loading (APL) is market leader in the development, production and sale of advanced oil and gas offshore production systems that focus on ship-based storage and transportation of hydrocarbons. APL was established in 1993 in order to develop and commercialise the loading and production systems Submerged Turret Loading (STL) and Submerged Turret Production (STP). APL`s technology has been selected as a mooring solution for production vessels, storage vessels and oil tankers in a wide range of field developments in the North Sea, Africa, Asia, Russia and the USA. Installation of the world`s first offshore discharge terminal for LNG vessels based on APL`s STL technology was recently completed offshore Louisiana in the US sector of the Gulf of Mexico. APL is headquartered in Arendal, Norway and has subsidiaries in Houston, Kuala Lumpur, Paris and Rio de Janeiro. APL has approximately 130 employees. In 2004 APL produced a turnover of NOK 595 million (USD 95 million). The Company is listed on the Oslo Stock Exchange with ticker code APL.

For further information, visit: www.apl.no