VELO Velosi

RNS Number:3505T
Velosi Limited
30 April 2008


                                                                   30 April 2008

                   Velosi announces first Contract in Norway

Velosi Limited ("Velosi" or the "Group"), a provider of asset integrity and HSE
services to a number of major national and multinational oil and gas companies,
is pleased to announce that it has been awarded a new, and strategically
important, Frame Agreement Contract with BP Norge AS effective from March 2008
until the third quarter of 2010.

Under this new contract Velosi will provide Quality Assurance and Control for
BP, including verification, certification and enhancement services, at
Fabrication sites in Norway and the rest of Europe for the Valhall
Re-Development Project located in the Norwegian sector of the North Sea, and for
the Skarv Project, located in deepwater offshore Norway. Both projects will be
managed from the Velosi Europe offices.

Commenting on this contract Dr. Nabil Abdul Jalil, CEO of Velosi said:

"We are delighted to have secured this contract. It is a landmark deal for us as
it is the first contract with BP in the region. We are hopeful that this will
lead to further opportunities to work with BP and develop our presence across
Scandinavia. Market conditions remain favourable and the Company continues to
pursue similar contracts with major oil and gas companies throughout the world."


                                    - END -

For further information

Velosi                           Dr Nabil Abdul Jalil         020 7930 0777
                                 Joe Vincent
Strand Partners                  James Harris                 020 7409 3494
                                 Warren Pearce
Charles Stanley Securities       Mark Taylor                  020 7149 6000
                                 Freddy Crossley
Cardew Group                     Tim Robertson                020 7930 0777
                                 Emma Consett


Notes to editors:

About the Velosi Group

The Velosi Group, founded in 1982, provides asset integrity and HSE services to
a number of leading national and multinational oil and gas companies, including
BP, Shell, ExxonMobil and Chevron. The Velosi Group operates globally through
four principal offices in the USA, the UK, Malaysia and the UAE and has
operational or representative offices in a further 27 countries worldwide.
Velosi joined the AIM market on 21 August 2006. For more information, visit
www.velosi.com.



                      This information is provided by RNS
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