Norsea Wins Total E&P Norge Offshore Base Contract

Press Release
Thursday, December 13, 2012

 NorSea AS signs new contract for the supply of base services related to the development of the Martin Linge oilfield and Total’s oil exploration.

Under the contract, valued at approximately NOK 400-million over a contractual period of 8 years + 8 annual options, NorSea will be supplying base services related to project development and operation of the Martin Linge oilfield, and general oil exploration operated by Total.

The Martin Linge contract includes supply base services such as loading and unloading, material handling, storage facilities, outdoor storage area, personnel and forklift trucks, plus installation and operation of RFID (radio-frequency identification) technology involved in tracking critical drilling and operating equipment.

The contract also contains additional options on e.g. supply of marine gas oil (MGO) and liquefied natural gas (LNG), plus the use of other bases within the NorSea system. Through ownership interests, NorSea operates nine supply bases along the Norwegian coast.

Martin Linge is a new oilfield development in the North Sea. The field contains gas/condensate and oil, and was originally discovered over 30 years ago. The licensees are Total E&P Norge (operator) with 51%, Petoro 30% and Statoil 19%.

Facts about the field
    •    Located in the North Sea, 42 km west of the Oseberg field and 180 km west of Bergen
    •    Water depth 115 metres
    •    Estimated reserves are 190 million barrels of oil equivalents
    •    Production start-up is planned in the fourth quarter of 2016

"Being awarded the contract means a great deal to us, and we look forward to a good collaborative relationship," says Rune Veenstra, CEO of NorSea. "As a result of being awarded the contract, we will be starting the construction of a new, tailor-made terminal building next year, in order to accommodate Total's requirements."

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