Imenco by Imenco AS

TODAY SMART NEWS - SEPTEMBER 2009

Imenco to settle in Aberdeen

For Imenco it is an important step forward to be present in the offshore capitol of UK, Aberdeen.

The man who is going to set up and develop the Imenco UK Aberdeen office is George Falconer (65), a Scottish engineer well known in Aberdeen’s oil and gas circles. For 30 years he has been involved in projects related to submarine pipelines and oil and gas constructions in the North Sea and beyond. For the last ten years he has been the Region Sales Manager of the American company Oil States Industries, as such responsible for the operations of the group in Europe, North Africa and major parts of Asia. He was planning to retire shortly, but was tempted when he was offered the chance to develop the second Imenco foreign office. - This is actually my second ‘retirement’. Last time was ten years ago, but then I was tempted by an offer from Oil States Industries. Since I still find I have a lot of energy to spend, Imenco’s offer was so tempting that I said yes, says Falconer to Imenco Today. He reckons it is going to take one to two years to build an organization. Finding

suitable premises and selecting key personnel for the Imenco UK office have first priority. - I firmly believe that we will succeed, mainly because Imenco can offer quality products and substantial competence in its fields. Even if Imenco has grown significantly during the last years, we are still small from an international point of view, which is one of our greatest advantages on the market. Imenco has a flexible organization consisting of people with the ability to turn around quickly. Therefore, we are able to provide our customers with the products and solutions they need, when they need them. Larger organizations and companies are often less flexible and unable to produce exactly the solutions the customers really want. Instead, they simply offer the customers what they have in store. Working in this trade for three decades has made me realize that this is not always to the benefit of the customers, says Falconer. George Falconer is an Mechanical engineer, originally from Edinburgh,

with 30 years’ experience within the offshore industry. His main working area has been Subsea projects related to pipelines. George Falconer started with Imenco 1st September. His first priority will be to develop a sales department and a service department in Aberdeen.

George Falconer has 30 years of experience in the management of Subsea projects offshore. He is currently responsible for the development of Imenco’s UK department in Aberdeen.

Editorial

Imenco tomorrow Imenco’s playground has changed considerably over the last 12 months. A year ago, very few people saw any darkening clouds in the horizon. Everyone knew that a down-turn must come, but when it came it came quick and with a higher impact than expected. From my position, using the word crisis is an exaggeration, but what is certain is that the situation has hit us all hard, and it will affect the industry for years to come. In spite of these challenges, Imenco continues to invest heavily in new markets, by establishing offices in Houston, Aberdeen and Stavanger, in addition to our main office in Haugesund and branch office in Bergen. Our aim is to be closer to our customers, in order to serve them better by providing smart solutions leading to increased profitability and safety. In Houston and Stavanger we are already in place with personnel and offices, and Aberdeen will follow in

September. We will start with engineers and sales personnel, to add production and service personnel and facilities as and when required. Further, in our home base, we are increasing our capacity for maintenance and repair, by converting the former NUT production facility into a modern maintenance and repair workshop. This workshop will be equipped and manned for serving any diving system, ROV system and related equipment. The workshop will contain both mechanical and hydraulics capacity in addition to the high electronics and automation capability that we already boast. We see fewer new builds, but a high demand for services – you will find us well placed with the workshop at the quay side on Killingøy, next to the North Sea. In present times we find more time for further development of our smart solutions. At the upcoming OE 2009 we will be presenting a range of new products, where we already have

received positive feedback from the market. Imenco is in a fortunate position, with more or less full utilization of our capacity until summer 2010. However, like all other participants in our industry, we see that new contracts come at a slower pace than before. It is harder to win new contracts, and that gives nourishment to our efforts to expand our services and product range. It is when times are hard you will find the true winners, and we do our best to be among these. Cost and service will be of outmost importance, and Imenco will strive to be there when required, offering our cost-effective solutions. Managing Director Geir Egil Østebøvik

Largest Imenco contract ever Imenco has been awarded a subcontract by Aker Solutions for the supply of equipment to an Aker Pusnes riser pull-in system™ for Petrobras Rig P-55. - Imenco will supply 73 blocks and sheaves with different framing, one type for WLL 350 Tons and a smaller type for WLL 120 tons. The

TODAY 2

contract has a value of approximately MNOK 20 and will be delivered in July 2010. It is the largest single contract in Imenco’s history, says Manager Martin Tveitnes at Imenco’s newly established branch office in Bergen. - The staff and I consider this a breakthrough for our operation in Bergen. This is a typical engineering task where we can use our 40 years of

lifting experience. The job will occupy 3 - 5 engineers for approximately one year. Today we have 6 employees in Bergen, but as a result of this contract we are now increasing the staff, says Tveitnes. P-55 will be built in Turkey, to be installed in the giant Roncador field 130km north-east of Rio de Janeiro

Editor: Bjørn Å. Brunborg | bjorn.brunborg@imenco.no | Publishing house: DHR Reklamebyrå as | Journalist: Odd-Atle Urvik

Exciting challenges to creative engineers - I suppose the Imenco engineering department must be one of todayâ&#x20AC;&#x2122;s most exciting engineering environments in Norway. A continuous rush of orders from our customers makes us look for new creative chartered and senior engineers open to new challenges. The people we are searching for will make part of a team which is every day faced with challenges requiring clever solutions. The tasks to be solved frequently exceed the borderlines of former work orders. This is what Engineering Manager Arne Kinn says to Imenco Today.

The development of oil and gas deposits in increasingly deeper waters demands continuously improved engineering skills and the invention of clever solutions extending the limits of what is technically possible. The fact that deep water oil fields are more often developed without platforms or surface installations implies a need for new tailor-made solutions with respect to eg submarine tools and equipment. - Being employed in a smaller firm like this means that the amount of daily routine work is reduced to a minimum. Instead, our engineers are constantly

faced with new challenges related to construction and design, offering a valuable professional development to each and every one of them. In our firm, creative engineers are allowed to use their abilities for the creation of the clever solutions our customers request us to find for them, says Kinn. He says that Imenco invests a lot in the professional development of its employees in the form of courses and training. Imenco provides customers worldwide with engineering services and products, most typically the development and construction of special equipment and tools for the offshore and maritime industry. The scope of their work frequently covers everything from the phases of thinking and problem solution to complete construction drawings, strength analyses and follow-up of construction, testing and installation Imenco uses the best design tools available on the market, for instance the 3D programmes Solide Edge, Inventor and Pro Engineer, including calculation programmes such as Staad Pro and ANSYS Mechanical. - Our tasks offer a range of variety to enterprising chartered engineers or

Engineering Manager Arne Kinn

engineers of good professional skills, who are involved in all phases including concept development, construction, testing and installation at the customerâ&#x20AC;&#x2122;s field, says Kinn to Imenco Today. For info concerning open vacancies, see www.imenco.no under careers

State, Brazil. The combined oil and gas field is one of 55 in the Campos Basin. The water depth at Roncador is approx 1,800m. The semi-submersible rig will have a production capacity of 180 thousand barrels/day and a compression capacity of 6 million cubic meters/day of natural gas. P-55 will be linked to 11 oil and gas producers and 7 water injector wells. Production is scheduled for startup in 2011. Jean Maurice Paput (right) and Manager Martin Tveitnes discussing a technical soloution for Petrobras Rig P-55.

Veteran to develop Imenco Stavanger office

Magnus Vika, the manager for the new Imenco Stavanger office.

Magnus Vika (56) is the name of the man in charge of developing the Imenco Stavanger department. Presumably, only a very few people deserve to be called a veteran of the Stavanger-based offshore industry more than Vika. With the exception of a couple of years of employment on the Ivory Coast in the early 80s, he has 35 years of experience from offshore operations on both sides of the North Sea. - The department is being developed in close cooperation with my own company Magnum Offshore Products, a supplier of Subsea installations and pipelines, which I established in 2004, says Vika. The growth rate of the Stavanger department will depend on the future amount of orders. During the initial phase, Imenco is building up an engineering department, so we are looking for skilful senior engineers. In addition, we are going to employ a salesperson. - Several of our current customers, as well as the customers we are hoping to get, are situated in the Stavanger area. Through the new department Imenco will be able to follow up its customers even more closely, Vika believes.

A pioneer

As Magnus Vika has been part of the offshore adventure in the North Sea from the outset, he has more experience than most people. Grown up at Bømlo, he was employed by Baker Oil Tools at the age of 21 and sent to the US to attend a course of several months’ duration. The young boy was mightily impressed by the showy American car put at his disposition during the entire course period, including a company credit card in his pocket. However, he was soon to be reminded that offshore oil production is no joke.

Alfa and Bravo - I was sent to Ekofisk Alfa as a ‘Completion Specialist’ at the end of October 1975. But we were scarcely installed on the platform when it was struck by an explosion. It was a real tragedy; three colleagues were killed when a rescue capsule with six people dropped into the sea. Nearly 70 people managed to escape the inferno of flames around the living quarters of the platform, Vika remembers. - We were unbelievably lucky. The sea was completely calm, which is quite unusual on 1 November. We were rescued by a supply vessel and transported to the Ekofisk platform, he says.

You should think that one such dramatic experience is enough. But when the Bravo blow-out took place one and a half years later, Magnus Vika was again onboard. - In retrospect, the environmental aspect of the blow-out has been in focus. However, to us who were onboard on April 1977, it was a matter of life and death. Everybody knew that a tiny spark might put everything on fire. But nobody panicked, and everybody followed the instructions of the safety officer. So in spite of the bad weather, the whole crew, consisting of 112 people, had been evacuated within 15 minutes from the moment the alarm sounded. Even if everybody was rescued, I began to wonder whether I still had any luck to spare, and whether it was time to look for employment onshore, he says.

A perspective Such experiences give you a different outlook on life, adding to your mental resources. The significance of putting safety first has surely been imprinted on me. Today, we aim at doing a job and supplying goods that cannot do any harm to people, material or the environment, says Magnus Vika to Imenco Today.

Imenco LED light for subsea purposes

Jan Wulfsberg (right) with interested customers at the releas party for Imenco’s new Subsea LED lights.

When Imenco held a release party launching the company’s new high output, multipurpose LED light panels, there was no need for artificial light. On midsummer nights in Norway the sun shines almost around the clock.

But for illuminating the subsea working area for ROVs or inspection points down to 3000m depth, Imenco’s new LED lights are state of the art. - Our LED light panels and lights have a life expectancy of 50,000 hours. That is a much longer lifespan than the traditional Halogen / HID lights (High Intensity Discharge). The input power is only 40 percent of what traditional halogen lamps need to produce the same illumination. We have noticed that when customers send ROVs in for overhaul, they change to our LED light solution at the same time, even though the old Halogen/HID light system is still working, Jan Wulfsberg says to Imenco Today. Owing to the short lifespan of the old lamps, a number of customers had to replace light bulbs each time a ROV came in to be serviced. - Of course, this is expensive, but that’s not the main reason why customers are switching to LED lamps. The worst thing to happen is if the vessel has to be off hire for a shorter or longer period because one needs to replace the lights. Given the current hourly rates of a

vessel with crew, there are considerable cost savings in switching to light panels with a long lifespan, Wulfsberg says. The new LED light series consist of four different types of lamps. The two largest ones have type designation Imenco LED 240 and Imenco LED 120 (both 110V AC). The number indicates how many watt the lamps draw. LED 240 emits 12.000 lumens, while LED 120 emits half a much. Imenco LED 60 (24DC/110V AC)is the ”little brother” of the to, and is suitable for lighting up smaller areas under water. - In addition to that, there is Imenco LED 20, which is a miniature lamp for divers, ROVs and inspection points. This 24 volt is suited for being attached to the diving helmet. It draws only 20 watt, but gives as much light as a 50 watt halogen lamp, Wulfsberg says, who also points to another advantage of LED lamps. - The quantity of light is controlled continuously from 0 to 100 % by reducing or increasing the voltage. This is an advantage if there are a lot of particles or plankton in the water, which makes sighting difficult. It’s like driving a car in snowy weather. It helps being able to regulate the light to avoid receiving so many disturbing reflexes from the water particles, Wulfsberg says. For more info see www.imenco.no

Midsummer night in Norway, on an outing with Imenco customers in connection with the launch of the LED light panel series.

Personnel for hire

General Manager Audun Eik of Imenco owned company SAIM.

- Ship and Industry Management A /S (SAIM) has around 75 employees. They span everything from engineers and skilled industrial workers, to catering personnel for industrial plants and onshore projects. In addition to what we have a database counting around 800 persons, whose competency and qualifications span the entire spectre. We are therefore able to accommodate most of the wishes that our customers might come up it. It is General Manager Audun Eik who says this to Imenco Today. The Imenco owned company has seen a strong growth since it was established in 2005. - Many of our customers have in recent

years had requirements for engineers and categories of technical personnel. Our growth is a result of our ability to meet this demand. We are available 24 hours seven days a week. Our customers are mainly found in the maritime sector, and in the offshore and onshore oil and gas industry, Eik says. - Whether itâ&#x20AC;&#x2122;s for shipping or the offshore industry, our Project Services Team is on hand to source the personnel our clients are looking for. We have all types of engineers within maritime shipping, structure, hull, pipes, machinery, electric, electronics, internal work and more. All engineers have years of international experience,

Saim offers skilled personnel offshore, onshore and accommodation and catering.

with a high fluency in English, says Eik. The primary market for SAIM is the west coast of Norway. All the employees are hired on normal Norwegian conditions. SAIM does not only offer only technical personnel. - At Havyard Leirvik located at the mouth of Sognefjorden our staff runs accommodation and catering, ensuring that all personnel at the yard enjoy a high standard of catering. We believe we are competitive with larger contractors when it comes to supplying catering staff, says Eik. For more information see: www.imenco.no E-mail: ae@saim.no

Smart camera solutions from Imenco Industrial Surveillance Cameras. optical zoom ensures optimal image quality. The camera can be fitted either with an EX-certified gland or connector.

Connector The new standard from Imenco can also include a connector. Certified connectors are fitted in accordance with customer’s requirements. A connector makes the installation easier and future services can be done by regular staff.

IP 68 is a surveillance camera for use in rough environments.

Imenco has many years of experience within the manufacture of subsea cameras used at water depths down to 6000m. This knowledge was applied as the foundation when we developed our new series of industrial surveillance CCTV systems for hazardous areas and harsh environments.

IP 68, tested to 2 bar. Typical areas are: Offshore installations Ship installations Gas installations Other maritime installations Other harsh installations Land based industry

We supply both analogue, digital and hybrid systems based on customer requirements. With IP technology (Internet Protocol) it is easy to set up a surveillance system and access the cameras through the Internet. Key design elements are functionality, image quality, size and weight. Cameras for maritime and offshore sector, land based industry and hazardous zones 1 and 2.

Smart Compact Solutions Based on requirements we have designed both cameras to be as light as possible. As a result the installation can be done quickly and easily by one person. The length of the camera is no more than 17cm.. IMEX 100 is manufactured in high quality stainless steel, with a weight of only 4.5 kg. The IMIP-680 housing is made of high grade hard anodized aluminium and weighs only 0.23 kg. (excl. bracket and shade.)

Smart Simplified Solutions The cameras are manufactured in analogue IP (Internet Protocol) versions. IP cameras are connected using standard Ethernet, simplifying installation, video distribution and archiving. IP solutions make it possible to access the cameras from a PC anywhere in the world.

Smart Flexible Solutions Both cameras can be supplied with a connector. This means that cable termination is done outside the camera by regular staff, and there is no need to wait for service people. With a spare camera at hand, replacement is done in minutes.

The new standard from Imenco The IMEX-100 camera series have been certified by Det Norske Veritas for hazardous areas zones I and II / T6. The IMIP – 680 camera series are rated for harsh environments according to

IMEX-100 for Hazardous Areas IMEX-100 is manufactured in high quality stainless steel and is pressure tested to 2 bar with gland or connector. (housing tested to 40 bar) A high quality EXview HAD CCD sensor with 36X

IMIP – 680 For Harsh Environments Industrial cameras manufactured to IP 68 ingress protection. They were developed using the same principles as our acknowledged Subsea cameras. The IMIP – 680 housing is manufactured in high grade hard anodized aluminium, and is tested to 20 bar, has 10 x optical zoom and flexible mounting. IMIP – 680 can be fitted either with a gland or connector.

EX d camera for hazardious areas uses the latest technology, with focus on size/weight at a very competitive price.

Imenco smart camera solutions uses high quality materials like stainless steel.

Diving systems for three dive support vessels

Project Manager Thor Nordahl in front of Enforcer.

During the next 18 months Imenco will be supplying complete diving systems for three multipurpose diving vessels currently under construction. The contracts, at a total value of 400 million NOK, were won in collaboration with the German Dräger Corporation. Two of the ships are being completed at Bergen Mekaniske Verksted AS, a part of Bergen Yards. The third vessel has been given the name of Enfor. The hull of this vessel is being built in Turkey, while it will be outfitted at Havyard Leirvik, Sognefjorden. - ”Aquanos Endurer” is the first vessel out. It has building number 163, and is to be delivered before Christmas. This means we are into a rather hectic phase at the moment, Project Manager Thor Nordahl says to Imenco Today. - The next vessel to be delivered from Bergen Mekaniske Verksted (BN 164) is ”Aquanos Enforcer”. It is a 120m long

state-of-the-art Dive Support Vessel with room for 120 persons. We will be supplying a complete control system for the diving system. The saturation chambers, with life-support” systems and diving bells, are supplied by Dräger. Imenco will also be supplying the handling/launching equipment for diving bells. In addition to that we are supplying two hyperbaric lifeboats plus launching equipment for these, which have been especially built for evacuation of divers under pressure. Each of these will have room for 24 persons, Nordahl says. Completion of building number 164 is expected to occur in the summer of 2010. Also the ”Acergy Havila”, to be delivered next year, is equipped with two diving bells built for operation down to 400m depth. Imenco supplies for this vessel are more extensive, amongst other including automatic surveillance of diving chambers. The vessel is built to be able to operate under tough conditions anywhere in the world. The vessel can have as many 24 divers

in activity, Nordahl says. Through last year’s acquisition of Norwegian Universal Technology AS, Imenco has become a leading supplier of complete diving systems for customers worldwide. Imenco is cooperating with German corporation Dräger about the supply of these systems.

Imenco produces instrument panels at diving control senter onboard Diving Support Vessel.

Imenco well received in Houston

Business Development Manager Kjartan Vartdal is pleased with the initial phase for the Imenco Office in Houston.

- Imenco International Inc. was established in Houston, Texas, early May this year, and we are very pleased with the reception we have received in the market these first four months. It is Business Development Manager Kjartan Vartdal who says this to Imenco Today. - We have seen that it’s extremely important to be present in Houston, as it is such an important hub of oil activity. Houston is a centre of oil activity not only in the US, but the whole world. We have already won a number of interesting new customers, and the new office enables us to better liaise with already existing customers

in the US. We are expecting to see a positive development for the company in the time to come. Since the setting up of our business here coincided with our stand at the OTC exhibition in May, our office got a lift in the starting phase, Vartdal says. Following a review of Imenco’s products, competence and capabilities it was concluded that the initial focus area of Imenco International would be Diving Systems, Aviation Refuelling Solutions (helicopter and rocket refuelling systems) and Real-Time Monitoring and Surveillance systems. - Our offices are in River Oaks Tower, a well-known building in Houston, Vartdal concludes.

Imenco International Inc. has offices in River Oaks Tower, Houston.

For more info, see www.imenco.com

HSE – goals and results In Imenco it is a management responsibility to ensure that all work is planned in such a manner as to avoid the risk of injury to personnel or damage to the environment or material. - In 2008 we sustained no lost time incidents or damage to material or the environment. No absence was recorded that was related to conditions in the workplace.

The ordinary sickness absence rate went down from 1.2 percent to 1.1 percent. The low level of absenteeism meets the company’s objective for a sickness absence rate below 2 percent. The low sickness absence rate largely agrees with surveys showing that employees report a high degree of job satisfaction and wellbeing. - Work with Health, Safety and Environment is a continous process. Even though we are effective in this aera, we are always making efforts to improve ourselves, says QA / HSE Manager Andreas Eggers Larsen in Imenco.

Aviation Fuelling System for the new BP platform at Valhall outdoors in all kinds of weather. This often led to problems in getting clean samples, and many extra fuel samples had to be taken. More often than not it resulted in spills on clothing and skin, particularly in bad weather.

The Pump and Storage Unit for the helicopter fuelling system on the new Valhall platform is leaving Imenco to be shipped to Lowestoft, England.

Supplying complete fuelling systems for helicopter fuel to offshore rigs has been one of Imenco’s success products. These days one of the largest systems ever to be supplied is being shipped from the production facility at Grinde. The system, consisting of four units, is destined for BP’s new accommodation and production platform at the Valhall field. - The Pump and Storage unit is the largest module, but the system also includes a dispenser unit, a defueling unit, and a sampling and testing unit, says Project Manager Rune Bringedal to Imenco Today. The supply is shipped to Lowestoft, England, where the large living module is being built. Personnel from Imenco will go to Lowestoft to install the Aviation Fuelling System on top of the accommodation module. Before the platform is shipped out and lifted onto the platform substructure in the spring, it is going to be tested. The Valhall field is located in the extreme south of the Norwegian part of the North Sea. After the upgrading the field will appear as one of the “greenest“ oilfields in the North Sea. This is thanks

New Contracts: In addition to the Valhall contract with BP Norge, Imenco has lately been awarded a number of new contracts for helicopter refuelling systems. - We have won contracts for owners/endusers such as ExxonMobil, Elf, Gazflot, Saipem and Vyborg Shipping Yard. Our latest contract is for the Iranian

to a 292km long cable being laid from Lista to Valhall. The cable will provide Valhall with electricity from land. This is not only a more environmentally friendly solution, but it is also considered to give more reliable supplies. The accommodation module can berth 180 persons. Valhall was put into production in 1982, but operator BP expects the field to produce oil until year 2050.

Large HSE gains at the old Valhall While Imenco are busy manufacturing the Fuelling System for the new Valhall Platform, the BP operators are very pleased with the new system for testing and recirculation of helicopter fuel that has been installed on the old Valhall Platfrom.The system, developed and manufactured by Imenco, has proved excellent in operation, and has generated considerable HSE gains. According to the report from utility operator Dag Tore Brenden “the helicopter guards confirm that the system functions extremely well, and that it has given large HSE gains”. - Earlier helicopter fuel to be tested was tapped into buckets and handled company Iran Marine Industries Company (SADRA Group). It is the second time this industrial group has placed an order with. The package will be finished by the end of this year. The package will be installed on the Reshadat Renovation & Development Project says Sales & Technical Manager

The fuel samples used for testing were shipped out as waste oil. The volume of waste oil could run up to several hundred litres of oil weekly, and represented a number of unnecessary loading/unloading cycles, it is stated. At the closed plant for sampling and re-circulation the operator may stand within doors, and tests are done from a closed system. The fuel used for testing is now routed back to the storage tank via a smaller tank and filter. Utility operators have been endeavouring for years to get this kind of system adopted. According to Dag Tore Brenden (BP) 90 % of the exposure to helicopter fuel has been eradicated. This is really a HSE gain appreciated by utility operators. Other measures implemented are mechanic ventilation from the mentioned units on the helideck, and two separate drums, each with a specific type of mouthpiece, for helicopter tanking. Constant exposure and spills when changing mouthpiece are avoided. Testing before and after each helicopter refuelling is also done indoors.

BP’s Dag Tore Brenden are happy with the HSE gains.

Aviation Fuel Systems, Jan Endresen. The most important customers within Aviation Fuelling Systems are still the Korean shipyards; • Samsung Heavy Industries Co., Ltd. • Hyundai Heavy Industries Co., Ltd.• • DSME (Daewoo Shipbuilding & Marine Engineering Co., Ltd.)

Diver phone for the rescue vessel - Thanks to the new diver phone, a gift from Imenco, safety when diving from our MOB boat has improved immensely. Now we’re able to communicate with the diver when he is down, instead of only communicating by pulling the safety line. It is the Master of rescue vessel ”Bergen Kreds“, Torgeir Nilsen, who says this to Imenco Today. ”Bergen Kreds” is permanently stationed at Haugesund, but covers a large coastal area. - We often use the MOB boat to dive from. It may be that we have to assist a leisure boat in the port, or in the outport, where the rescue vessel has no access, Nilsen says.

The Master of rescue vessel ”Bergen Kreds” (right), Torgeir Nilsen, together with Director of Marketing, Bjørn Brunborg.

The lack of communication between the MOB boat on the surface and the diver in the water was sorely felt for a long time. - That’s why we approached our regional office in Stavanger, asking if they could ask around to see if any companies in the Haugesund area could help us out. The response came from Imenco, which gave us a portable and chargeable diver radio, Nilsen says.

The rescue vessel, Bergen Krets who recieved the diver phone from Imenco.

Double celebration Elisabeth Olsen rounded 60 on 30. August this year, and she may also celebrate having worked 30 years for Imenco. She started her career in Knutsen OAS, and moved over to the companies industrial department. She was later one of those who started Imenco in 1979. Elisabeth has the unique ability of being updated and on top of things at all times, keeping order in drawings, projects and the economy. She is a highly valued resource for Imenco and the Engineering Department. Our congratulations! Elisabeth Olsen

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