Disposal

RNS Number:8638G
Bergesen d.y. ASA
13 July 2001


                         BERGESEN SELLS FPSO BERGE HUGIN

Bergesen has entered into a preliminary agreement to sell its share of the
FPSO-vessel Berge Hugin to Bluewater. Bergesen's co-owner in the vessel, Navion,
and the owners of the vessel's production facilities ("topside") have entered
into similar agreements to sell their interests in the vessel. The sale also
comprises the owners' joint operating company Pierce Production Company.

Final sales agreement shall be concluded within 1 September 2001, with delivery
in September/October 2001.

Bergesen will book a profit on the sale of about USD 1 million.

Berge Hugin is employed on a production contract with Enterprise Oil, serving on
the Pierce field on the UK continental shelf.

The sale will contribute to a more focused effort within Bergesen's offshore
activities.

Contact person: Lars Traaseth, Director, Telephone: + 47 22 12 05 66 

Other information about Bergesen is available at: www.bergesen.no 

Photo of Berge Hugin is available at:
http://www.bergesen.no/bergesen/company.nsf/vdoclink/FleetImage?opendocument

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