Offshore staff

STAVANGER, Norway --Statoil has signed frame agreements with Bredero, Eupeca, and Socotherm for pipe coating services for its pipeline projects.

The five-year contracts also have two options for two-year extensions. The scope covers concrete weight coatings for steel piping, and anti-corrosion and thermal insulation coatings.

Statoil estimates the combined value of the contracts at $516.54 million, based on its present project portfolio. Its main need relates to gas export infrastructure to mainland Europe.

07/06/2007