Apply Sørco Inks Point Resources Framework Deal
- Business & Finance
Stavanger-based Apply Sørco has signed a frame agreement with Point Resources to provide engineering, procurement, construction and installation (EPCI) services.
The agreement has a duration of 5 years, plus options, and the first task include work scope associated with the upgrade of drilling systems prior to the forthcoming drilling campaign at the Ringhorne platform, with planned start-up 1 March, 2019.
Point Resources operates the former ExxonMobil-operated assets offshore Norway, such as Jotun, Balder and Ringhorne fields.
As Point Resources is evaluating several future projects, Apply Sørco believes that this contract may be a valuable addition its contract portfolio.
Apply Sørco represents Apply’s MMO- and EPCI operations in the oil- and gas. Deliveries target all project phases from concept development and studies to completion and commissioning as well as operations, maintenance and modifications of oil and gas production facilities.