NorSea lands ‘historical’ $500m base supply contracts with Statoil

NorSea Group AS has secured a contract to provide base services and integrated logistics solutions to six of the seven Statoil bases that run along Norway’s coast
NorSea lands ‘historical’ $500m base supply contracts with Statoil
Kristiansund Norway, one of Statoil's supply bases (stock photo)

Norsea Group AS has won six new supply base contracts with Statoil worth over $500 million (NOK 4 - 5 billion).

The contract is for six out of seven Statoil bases that run off Norway’s coast. The scope of work includes the provision of logistics services, including terminal services, the storage and handling of pipes, and distribution services at supply bases in Rogaland, Dusavika, Ågotnes and Mongstd in Hodaland, Florø in Sogn and Fjordane, Kristiansund in Møre and Romsdal and Hammerfest in Finnmark.

Nils P Dyvik, group CFO at Wilh. Wilhelmsen Holding (which owns 40 percent of NorSea) and chair of NorSea Group said: “This is a historical contract for the NorSea Group.

"NorSea Group has extensive experience in optimising the logistics value chain from their bases along the coast to offshore installations at sea. We attribute being awarded the contract as a vote of confidence from Statoil and as an honour to the good results and solid performance delivered by the NorSea Group and their subsidiaries over the last few years."

The contract is expected to start in July 2015 and run for six years with two, two-year options.

"Today we are very pleased and proud", says Norsea Group CEO John E. Stangeland. "We view this contract award as a statement of the confidence shown in us by Statoil, and a confirmation that we have an attractive and competitive business model based on local skills and expertise and wealth creation."


Gro Stakkestad from Statoil With CEO at NorSea Group John E Stangeland. Behind: Managing Directors from subsidiaries: Alf Dahl,Vestbase; Kurt Rune Andreassen; CCB, Rune Veenstra; NorSea AS and VP at NorSea Group Lars Haug.


 

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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