Petrojarl Varg (pictured) og and relevant parts of Teekay's organisation and management systemems are assesed to be in compliance with relevant requirements in the petroleum regulations.

The decision is based on information given in the AoC application regarding hte facility's technical condition and the applicants organisation and management systems, as well as the authorities' verifications and case managament. The review has been carried out in line with the PSA's guideline on applications for acknowledgement of compliance (AoC) published 1.7.2006.

The validity of this acknowledgement of compliance assumes that Teekay will make sure that the facility and relevant parts of the company's organisation and management system are maintained so as to fulfil the terms and conditions set out in the PSA’s decision.