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Statoil awards 900 mln nkr emergency response vessel deal for North Sea


Published : Tue, 06 Feb 2007 11:31
By : Agencies
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OSLO (AFX) - Statoil ASA said it has signed two letters of intent with the Danish shipping company, Esvagt AS, for the delivery of two emergency response vessels, worth a combined 900 mln nkr.

The ships, both new-builds, will enter service as area emergency response vessels in the North Sea, Statoil said.

One of the new vessels will operate in the Sleipner/Volve area, replacing the current vessel, while the other will operate in the Gjoa area.

The Esvagt shipping company, 75 pct-owned by the AP Moller-Maersk Group, will deliver the vessels in the spring of 2009.

The contracts have an eight-year duration, with three one-year options.

alastair.reed@thomson.com

ar/amb

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