26 October 2022 - Energy and marine consultancy ABL Group (ABL) has acquired the
operations of well control equipment specialists HOSE International.

The two companies have cooperated since 2019 to jointly provide rig and well
control inspection services for the offshore industry. Going forward, HOSE
International's UK business will become part of ABL's global operations. 

The two companies have agreed to not disclose the financial details of the
transaction. 

"We know the HOSE International team very well and are thrilled to be combining
their expertise with that of our own on a continuous basis. This will allow us
to further serve clients with the full scope of well control equipment
assessment and rigs operations requirements," says Steven Lee, director of
offshore technical services at ABL. 

HOSE International was established in 1994 and has built a 30-year reputation as
independent third-party well control equipment subject matter and assurance
service providers. The company's services include well control equipment
inspection, verification, assurance and project support during rig selection,
intake and major maintenance periods.

During the past three decades, HOSE International has completed approximately
2,300 inspections on more than 700 drilling rigs. This includes numerous
high-profile drilling well control equipment events front-line reactivations,
overhauls and re-certification, end-of-well and between-well maintenance
periods, drilling failure, modifications and upgrades.

"I am delighted to be formally joining ABL Group, having collaborated on many
projects for a number of years now. HOSE International brings a wealth of
specialist experience to the ABL team, and I'm excited to expand our scope even
further", says managing director of HOSE International, Richard Brennan, who now
joins ABL as the group's well control equipment manager. 

ABL has extensive rigs inspection expertise including, rig selection,
reactivation assurance, new-build delivery and preservation inspection. The
company's dedicated rig inspection team consists of multi-disciplined engineers
with decades of practical rig inspection experience that helps to provide
regulatory compliance and equipment operability assurance to rig owners and
operators.

ENDS

For further information, please contact:
Investors and financial media:
Haakon Brandrud, Director of Strategy and Corporate Development 
Tel: +47 95 07 05 12

Other media enquiries:
Endre Aaberg Johansen 
Tel: +47 41 61 06 05
Email: endre.johansen@corpcom.no 

About ABL Group
ABL Group (OSE: ABL Group ASA - ticker code "ABL") offers independent energy and
marine consultancy to the global renewables, maritime and oil and gas sectors.
The group has offices in 38 countries worldwide. ABL Group operates under six
brands: ABL, OWC, Innosea, Longitude, Add Energy and ABL Yachts.