Superior Energy acquires interest in four new liftboats

Offshore staff

HARVEY, Louisiana -- Superior Energy Services has purchased a 50% interest in two, 265-ft (81-m) class liftboats from Moreno Energy. Superior and Moreno also have entered into contracts to jointly construct on a 50%/50% basis two additional 265-ft (81-m) class liftboats.

Construction of the first two liftboats is scheduled to be complete in 3Q and 4Q 2008, while construction of the last two liftboats is scheduled to be complete in late 2009.

The liftboats will be certified to work in international waters as they will be built to meet US Coast Guard, American Bureau of Shipping (ABS), and SOLAS standards. In addition, each liftboat will have two cranes and accommodations for up to 40 people.

04/30/2008