SEACOR ENVIRONMENTAL SERVICES AWARDED OIL SPILL RESPONSE CONTRACTS FOR THE BTC PIPELINE
NEW YORK, NEW YORK
(October 4, 2004)
FOR IMMEDIATE RELEASE – SEACOR Environmental Services International Ltd. (SESI), a wholly-owned subsidiary of SEACOR HOLDINGS Inc. (NYSE: CKH), announced today that it has been awarded two contracts to provide an overall oil spill response capability to the Baku-Tbilisi-Ceyhan Crude Oil Export Pipeline. The pipeline is being developed to transport crude oil from the Caspian Sea near Baku in Azerbaijan, through Georgia to the Turkish Port of Ceyhan on the Mediterranean Sea.
The first contract is with the BTC Pipeline Company and will provide emergency response coverage from one base in Azerbaijan and three in Georgia. The second contract to provide a similar service in Turkey was awarded by Botas International Ltd. to a joint venture established by SESI and MEKE Marine, a Turkish environmental service company. The SESI and MEKE joint venture will operate under the name SESMEKE Ltd. SESI and SESMEKE will assist in the establishment and outfitting of a total of eight response bases strategically located along the pipeline route in all three countries, provide overall project management, recruit and train a local work force, and provide additional services related to environmental matters.
The 1760 km BTC pipeline will allow one million barrels of oil a day to be exported safely and responsibly from the Caspian without increasing tanker traffic through the Turkish Straits. First oil from the pipeline will be exported from the Mediterranean port of Ceyhan in 2005. Shareholders of the BTC Company include BP, SOCAR, Unocal, Statoil, TPAO, Eni, Total, Itochu, INPEX, ConocoPhillips, and Amerada Hess. Botas International Ltd. is the state-owned pipeline company of Turkey.