Statoil awarded two new contracts with an estimated value of around $1.2 billion for insulation, scaffolding and surface treatment services to Norway’s leading suppliers, Beerenberg Corp. and Prezioso Linjebygg companies on Tuesday.
The company said the contracts will be long term and the two companies will provide services to 20 of the company's 29 installations on the Norwegian continental shelf (NCS).
The contracts will take effect in the first quarter of 2016 for a 15-year contract period.
"The two new contracts will replace the company’s existing contracts with these two suppliers regarding NCS services," said the company.
"The suppliers understand the industry challenges and want to help solve them. Beerenberg Corp. and Prezioso Linjebygg have during the renegotiations expressed that they will focus on permanent improvements as well as quality and cost," Jon Arnt Jacobsen, senior vice president for procurements in Statoil said in a written statement.
By Murat Temizer
Anadolu Agency
murat.temizer@aa.com.tr