Statoil dishes out $1.62bn renewals

Statoil-in-Offshore-Mozambique-Farmout07 December 2013, News Wires – Norway’s Statoil has taken up on 11 extension options on maintenance and modification (M&M) and isolation, scaffolding and surface protection (ISS) suppliers.

Nine companies stand to gain a total of $1.62 billion over the next three years from the renewals.

For M&M, five companies serving 22 offshore and onshore facilities gained extensions spanning August 2014 to August 2016: Aibel, Aker Solutions, Reinersten, Fabricom and Apply.

In ISS four companies at 20 facilities gained options over the same timeframe: Linjebygg Offshore, Beerenberg, Kaefer Energy and Bilfinger Industrier.

– Upstream

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