Offshore staff

STAVANGER, Norway --Statoil has signed frame agreements with Dresser-Rand and Nuovo Pignone covering new equipment and supply, modification, and maintenance of turbo machinery on all its offshore platforms and onshore plants.

The agreements are effective for five years from July 2007, with an option to extend for an additional five years. Options included, the agreements have an estimated total value of NOK 7.8 billion ($1.36 billion)

"These companies will be important partners in our work to increase energy efficiency and to reduce emissions from our facilities," says Rune Norseng, Statoil's vice president for procurements in operations support in the Exploration & Production Norway (EPN) business area.

07/13/2007