Statoil has awarded Aibel a new Maintenance and Modification contract. Through the new agreement, Aibel will have continued responsibility for 12 offshore installations and four facilities, and will also be responsible for Aasta Hansteen.
Aibel employee at the Kårstø onshore facility. Here, Aibel carries out numerous maintenance and modification activities.
Image: Øyvind Sætre/Aibel.

The new contract has duration of six years with options for an additional four years. According to Aibel's calculations, the contract has a value of approx. NOK 7.5 billion plus options. The contract entails Aibel to carry out maintenance and modification work at more than one third of Statoil's offshore installations, and at four out of six onshore facilities on the Norwegian Coast.

"This is a vote of confidence for Aibel. With a new installation in our portfolio – in addition to today's volume – we are really content with the result. Having Aasta Hansteen included in the contract will also strengthen our presence in the northern part of the country," says Jan Skogseth, President and CEO of Aibel, emphasising that the bidding process has been thorough and professional.

The award secures jobs and continued activity at all Aibel offices along the Norwegian Coast.

About Aibel

Aibel is a leading service company within the oil and gas industry and is established in renewable energy.

The company`s around 5,000 employees in Norway and abroad are engaged onshore and offshore. With eight locations in Norway, the company is located near the customers. In addition to operations in Norway, Aibel is also located in Thailand, Singapore and Denmark.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.