Bilfinger bags over $300M in Norwegian contracts

An engineering and services group Bilfinger has won orders valued at €270 million (around $301.9 million) from longstanding customers in Norway.

Bilfinger said on Thursday that it extended key framework agreements with Norwegian oil major Statoil.

The company added that these agreements have a volume of roughly €110 million ($123 million) over the term of two years. The focus of the services provided by Bilfinger’s Oil and Gas division for Statoil cover insulation, scaffolding and corrosion protection.

Tom Blades, Chief Executive Officer at Bilfinger SE, said: “Under difficult circumstances, we have managed to continue our longstanding cooperation with renowned oil and gas companies.”

The contract extensions relate to production facilities in the Oseberg, Snorre, Veslefrikk and Huldra oil and gas fields. Also, Bilfinger has been awarded a new ten-year contract for the liquefied gas terminal on the island of Melkoya, near Hammerfest.

Bilfinger has been present in Hammerfest with facilities for prefabrication, material storage, and offices since the terminal went into operation ten years ago.

Bilfinger also signed a new agreement for the maintenance of offshore facilities with an undisclosed oil and gas company. The order has a volume of roughly €160 million ($179 million) over its five-year term. The company agreed with the customer that further details would remain confidential.

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