Derry, UK – 15th December, 2008

8over8 Limited, the leading supplier of web-based contract management solutions to the global oil and gas industry, today announced its Gold Sponsorship of the forthcoming 2nd Annual Oil and Gas Construction Project Risk Management Summit to be held on January 25-26 in Abu Dhabi.

The two-day summit is the region’s leading construction risk management event dedicated to the oil and gas industry, and reveals the latest technologies and strategies that the oil and gas industry and EPC contractors are using to minimise risk and safeguard construction projects.

The proceedings include case studies and exclusive talks from leaders in the oil and gas, EPC Contractor, Commodities and Technology industries; 8over8 will be making two contributions:

• “A Better Way of Managing Risks in Contract Relationshipsâ€? – a presentation by Gerry McGurgan, Director, 8over8
• “Exploring New Approaches to Contract Management in Oil and Gas Capital Projectsâ€? – an interactive workshop with Bob Spence, Director of Services, 8over8 and Stuart Nash, McGrigors LLP

Gerry McGurgan, 8over8 Director, said: “Having the tools and knowledge to forecast, manage and mitigate contractual risks is fundamental to achieving the best possible return on project investment.

“The topics covered by this event are especially important in the context of the current economic climate and we believe everyone who attends can benefit from the experience of the guest speakers and workshop leaders, and also of their peers and counterparts at the various networking opportunities.�

The event will take place at the Le Meridien Hotel, Abu Dhabi on Sunday 25 and Monday 26 January 2009.

Please visit (http://www.iqpc.ae/ShowEvent.aspx?id=73618) for more information about the event and ways to register.

About ProCon:
ProCon is a highly flexible, web-based collaborative environment that enables contract stakeholders to work together to ensure that contracts perform as expected throughout their lifecycle, and the status of each reported in real-time to allow informed risk management and decision-making. ProCon can be configured to support a wide range of business processes whilst ensuring adhesion to an organisation’s best practice contracting procedures. More information about ProCon is available at www.8over8.com.

About 8over8:

• 8over8 Limited (www.8over8.com) supplies its ProCon contract management solution to many of the major oil and gas companies and major capital projects around the world including BP plc, Shell International Exploration & Production BV, BG Group plc, Nexen Inc., Husky Inc., ADCO, the Karachaganak project in Kazakhstan, the Nigerian OKLNG joint venture, Dragon LNG and Buzzard in the UK, TNK-BP in Moscow and numerous oil projects in the Middle East.
• 8over8 is headquartered in Derry, UK, with offices in London, Calgary and Muscat.
• 8over8 was included in the 2008 Deloitte Technology Fast 500 EMEA program which recognises technology companies that have achieved the fastest rates of annual revenue growth in Europe, the Middle East and Africa during the past five years.