Statoil has renewed the framework agreement with Bilfinger Industrier Norge for a number of North Sea production facilities and onshore plants on the Norwegian coast by a further two years under an option provided for in the contract signed in 2010. The renewal covers the period from August 2014 to July 2016 and is worth around EUR 250 million for both years. As a result, the Norwegian Bilfinger company remains energy company Statoil's largest service partner for insulation, scaffolding and surface treatment (painting), or in abbreviated form ISP.

The contract covers platforms in the Snorre, Oseberg, Heimdal, Huldra and Veslefrikk oil and gas fields off the south-western coast of Norway as well as onshore facilities north of Bergen near Sture and Kollsnes. "This is a day of joy for Bilfinger Industrier Norge as the renewal confirms Statoil's trust in us," says Bjørn Harald Celius, the company's CEO. Bilfinger Industrier Norge specialises in offshore business in the Norwegian North Sea, offering ISP services including access technique and passive fire protection. One key determinant for its success in this segment is the ability to satisfy extremely high work safety requirements.

About Bilfinger Industrial Services GmbH

Bilfinger Industrial offers comprehensive technical services for industrial customers in the process industry, energy production and other selected sectors. Its services comprise consulting and engineering as well as project management, fabrication and construction and comprehensive maintenance packages and solutions for complex projects.

Comprising the two subgroups Bilfinger Industrial Services and Bilfinger Industrial Technologies, Bilfinger Industrial is the largest segment within Bilfinger SE and with some 38,000 employees active internationally. In 2012, the Industrial segment generated revenues of over EUR 3.7 billion.

Source: Bilfinger Industrial Services GmbH