Tests Confirm the Large Flow Capacity of Bluewater`s Composite Cryogenic Hose

HOOFDDORP, the Netherlands--(Business Wire)--
Bluewater Energy Services B.V., a member of the Bluewater group of companies,
have successfully completed a series of flow tests on their Composite Cryogenic
Hose for offshore LNG transfer.

The flow tests were held at TNO Deltares, and the results confirm the large flow
capacity of the hose, with volumes exceeding 5000 m3/h achieved. The hose was
tested in a straight and bent configuration at only four times its diameter,
simulating both tandem loading and side-by-side transfer modes.

With the successful completion of these flow rate tests the Composite Cryogenic
Hose is a step closer to being awarded the EN-1474-2 qualification, which is a
part of the qualification of Bluewater`s offshore LNG transfer system (which
comprises the Composite Cryogenic Hose), to DNV RP A203.

Large volume transfer is vital in limiting exposure to risk during any offshore
or LNG operation. The composite cryogenic hose is the one truly flexible, Type
Approved hose for offshore LNG transfer. The tests have confirmed that this hose
allows the highest achievable flow-rates for offshore LNG transfer hoses
currently available in the market.

"The proof of the pudding is in the eating", commented Hugo Heerema, President
and CEO of Bluewater. "The same is true each time a product is tested to its
limits. I`m pleased to say that the completion of these tests marks an important
part of the DNV qualification process, and is further proof that our Composite
Cryogenic Hose is fit for service, and ready for large volume offshore transfer
of LNG".

The unique composition of the hose includes re-designed end fittings that
overcome the limitations of existing composite hose designs, as well as a number
of design modifications that have improved axial strength, while maintaining
flexibility - both critical requirements for marine environment dynamic
operations.

Bluewater will be exhibiting at the Gastech 2009, held between the 25th and 28th
of May 2009 in Abu Dhabi, UAE. The Bluewater stand is S40.

For more information:

www.bluewater.com

Bluewater Energy Services B.V.
Marsstraat 33
2132 HR Hoofddorp
the Netherlands
Tel: +31(23) 568 2800

info@bluewater.com

Note to editors:

The Bluewater group of companies has built a technological lead specializing in
lease and operation of tanker-based Production and Storage (FPSO/FSO) systems,
and has become a leading provider of advanced Single Point Mooring (SPM)
systems. Bluewater operates worldwide with offices in The Netherlands, United
Kingdom, United States, Nigeria, Angola, South Africa, Malaysia, Russia and
China.

Bluewater Energy Services B.V.
Sietse Gerssen
Tel: +31(23) 568 2800
info@bluewater.com

Copyright Business Wire 2009