Scotland-headquartered subsea intervention technology company Interventek has secured a contract with the
U.S. Trendsetter Engineering for the delivery of well intervention valves for a Gulf of Mexico project.

As part of the deal, Interventek will deliver a complete set of fully qualified 20,000psi open-water well intervention
shear and seal valves to Trendsetter, which are said to be the industry's first.

The 20K Revolution valves, designed for lightweight subsea intervention systems, will provide the safety-critical
well control function within Trendsetter's new 20K TRIDENT subsea intervention system, which is scheduled for
the first field operations on an upcoming high-pressure, high-temperature (HPHT) subsea completion and
intervention campaign in the Gulf of Mexico.

According to Interventek, the shear and seal mechanism uses separate internal components and rotary actuators
to shear through wireline or coil tubing conveyance systems and seal the wellbore in a single operation.

“Interventek's compact and high-performing Revolution valve is the ideal choice for our range of lightweight and
modular TRIDENT intervention systems. This technology is the key to achieving a reliable HPHT solution with
around a sixty percent size and weight saving compared to other offerings,” said Mike Cargol, Vice President –
Services at Trendsetter.

“The result is a robust system which can be reconfigured to support hydraulic, riserless or open-water risered
interventions and mobilised quickly on a broad range of vessels with minimal modifications. The bottom line for
the operator is enhanced safety, rapid response, increased operational efficiency and reduced cost.”

The agreement also allows Trendsetter exclusive global rights to deploy the 20K, 5-1/8” open-water valves for
the next five years, with the first set to be delivered later this year as part of a mid-seven-figure first order.

Interventek previously supplied Trendsetter with several 15,000psi Open-Water Revolution Valves, which have
been deployed on multiple campaigns using the 15K TRIDENT Intervention Systems.

To remind, Trendsetter Engineering recently won a contract with LLOG Exploration Offshore for the provision of
subsea hardware for a project in the U.S. Gulf of Mexico.