SEAENERGY PLC ANNOUNCED AS FINALIST IN THE SPE OFF

12 January 2016

SEAENERGY PLC

SEAENERGY PLC ANNOUNCED AS FINALIST IN THE SPE OFFSHORE ACHIEVEMENT AWARDS

SeaEnergy PLC has been shortlisted as a finalist in "The Innovator" category for this year's SPE Offshore Achievement Awards to be held in Aberdeen on 17th March. 

The focus of the Group's nomination is its R2S Visual Asset Management system which provides the oil, gas and marine industries with a tool that increases operational safety and lowers cost by reducing the need to visit the plant or vessel.

The value of R2S in increasing efficiencies, improving collaboration and reducing operational expenditure (OPEX) is recognised by many major Operators. In the current oil price environment, the industry need tools which help them to operate efficiently and safely, and R2S's proven credentials make it a powerful addition to the toolkit.

John Aldersey-Williams, CEO commented that:

"To be shortlisted for this prestigious award demonstrates the continued recognition of R2S and the positive benefits we are delivering to operators during these difficult times. We are delighted to have been shortlisted among such high calibre companies and to reach this stage is great recognition of our innovative and dedicated team."

The innovative value of the R2S system is currently being trialled by another area of critical industry, the nuclear sector, with a pilot project undertaken in support of the decommissioning of Dounreay. SeaEnergy won the Oil and Gas UK Award for Business Innovation in November 2015.

Ends.

Notes

About SeaEnergy PLC:

SeaEnergy PLC is an innovation-led offshore energy services business, based in Aberdeen, Scotland

and listed on the London Stock Exchange's AIM Market.

R2S Visual Asset Management system (delivered by SeaEnergy subsidiary Return To Scene) provides photographic capture and three dimensional modelling of oil & gas installations, linking these images to asset management databases for major international oil operators, allowing them to improve the performance of their assets whilst providing operational efficiencies.

R2S Forensic is an interactive software system that enhances planning, investigation and collaboration through the power of visual imagery. The R2S Forensic system has revolutionised the presentation of crime scenes. It creates an information rich walk through environment which seamlessly links all relevant technical data.

Return To Scene was acquired by SeaEnergy in August 2012.

For further information contact:

SeaEnergy PLC