Bilfinger, Statoil Extend Framework Agreement

The engineering and services group Bilfinger has extended a framework agreement with its major client Statoil by an additional two years.

The company will provide comprehensive maintenance services for oil and gas platforms in the North Sea and for onshore facilities on the country’s coast. The order includes insulation, scaffolding and surface treatment and has a total volume of €250 million over a contract period of two years.

Bilfinger thus remains the most important service partner of Norway’s largest energy company Statoil for the repair and maintenance of facilities for the extraction and processing of raw materials. “The contract extension is a confirmation of the trust that Statoil has placed in us,” said Pieter Koolen, the responsible Member of the Executive Board at Bilfinger. “We have achieved this success not least as a result of the relentless focus of our staff on the highest of safety standards.”

The international oil and gas sector is one of Bilfinger’s key growth markets. The Group’s annual output volume in this sector is more than €1.5 billion. In addition to the successful business in the North Sea, Bilfinger sees good prospects in other regions, for example through expanding existing activities in the United States.

[mappress]
Press Release, December 04, 2013