**Exhibit4.76**

Execution Version

**Notice ofAssignment in relation to Statoil**
| To:    |   | Statoil Orient Inc. (“**Statoil**”) |
|--------|--------|-----------------------------------------------|
|   |   | 20/F., Times Plaza,                           |
|   |   | No. 1 Taizi Road                              |
|   |   | Shekou, Shenzhen                              |
|   |   | P.R. China  518067                       |
|   |   | Attn: Lucy Li Xin.                            |

 

**NAVIONMUNIN FIELD CONTRACT**

We refer to contractno.SC05005B dated 5 April, 2005, made between Statoil and Bluewater EnergyServices B.V. (“**BES**”) in relation to the vesselm.v. “MUNIN” registered in the Netherlands Antilles at the port of Willemstad,Curaçao (the “**Vessel**”) (as amended andsupplemented from time to time prior to the date hereof or, with the consent ofthe Assignee (as defined below), after the date hereof) (“**Navion MuninField Contract**”).

We hereby give younotice:

1                                that,by a general assignment supplemental deed (the “**Assignment**”)dated 12 July 2006 made between (inter alios) us and ING Bank N.V. (in itscapacity as security trustee) (the “**Assignee**”), wehave assigned by way of security to the Assignee all of our rights, title,interest, and benefit (present and future, actual and contingent) in, to, underand pursuant to the Navion Munin Field Contract including (but withoutprejudice to the generality of the foregoing) our rights to receive monies andmake claims for damages under and pursuant to the Navion Munin Field Contract;

2                                that,unless and until you receive notification from the Assignee or ING Bank N.V. ascontemplated by paragraph 4 below, you are irrevocably authorised andinstructed to pay all Compensation (as defined in contract no.SC05005B referredto above) to such account as we may from time to time direct;

3                                that,unless and until you receive notification from the Assignee or ING Bank N.V. ascontemplated by paragraph 4 below, you are irrevocably authorised andinstructed to pay all other amounts to account name “LDC Assigned Account* *”, account number 02.00.46.588,with ING Bank N.V.,**acting throughits Amsterdam head office, or to such other account as ING Bank N.V., actingfor these purposes as the agent of the Assignee, may from time to time direct;

4                                that,at all times after the Assignee or ING Bank N.V., acting for these purposes asthe agent of the Assignee, notifies you in writing that the Assignment hasbecome enforceable, you are irrevocably authorised and instructed to pay allamounts payable to us under and pursuant to the Navion Munin Field Contract(including all amounts referred to in paragraphs 2 and 3 above) to account name“LDC Assigned Account* *”,account number 02.00.46.588, withING Bank N.V., acting through its Amsterdam head office, or to such otheraccount as ING Bank N.V. acting for these purposes as the agent of theAssignee, may from time to time direct;

5                                thateach amount paid by you in accordance with paragraph 2, 3 or 4 above shalldischarge, by a corresponding amount, your payment obligations under the NavionMunin Field Contract; and

6                                that,unless and until you receive notification to the contrary from the Assignee orING Bank N.V., acting for these purposes as the agent of the Assignee, wecontinue to be entitled (without any requirement to first obtain the consent ofthe Assignee or any other person) to grant any consent, exercise any discretionor determine any matter, or to enforce or exercise any right, remedy or powerunder or in relation to, the Navion Munin Field Contract.

Please acknowledgereceipt of this notice by signing the acknowledgement endorsed on the enclosedduplicate of this notice and returning that duplicate direct to the Assignee atthe address shown, with a copy to us.

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For and on behalfof**BLUEWATER ENERGY SERVICES B.V.**by its duly authorised attorney-in-fact
|                    |   | /s/ Anna Simpson |   |   |
|--------------------|--------|------------------|--------|--------|
|               |   | Attorney In Fact |   |   |
| Dated 12 July 2006 |

 

 

Confirmed andagreed**ING BANK N.V.**by its duly authorised attorney-in-fact
|                    |   | /s/ [ILLEGIBLE] |   |   |
|--------------------|--------|-----------------|--------|--------|
|               |   |            |   |   |
| Dated 12 July 2006 |

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| To:    | ING Bank N.V.                  |
|--------|--------------------------------|
|   |                           |
| Copy:  | Bluewater Energy Services B.V. |

 

We acknowledge receipt ofthe notice set out above and consent to the assignment referred to therein.

For and on behalfof**Statoil Orient Inc.**by its duly authorised officer
|                  |   | /s/ [ILLEGIBLE] |   |   |
|------------------|--------|-----------------|--------|--------|
|             |   |            |   |   |
| Dated 14/08 2006 |

 

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