CCB and Logiteam cooperate on subsea services

(Ågotnes, 10 March 2016) Coast Center Base AS and Logiteam AS are teaming up on subsea services. As a part of the effort, CCB and NorSea Group are acquiring 68% of the shares of Logiteam.

The effort will take place in cooperation with the other supply bases affiliated with CCB and NorSea Group, including CCB at Ågotnes, Vestbase in Florø, Vestbase in Kristiansund, Helgelandsbase in Sandnessjøen and Polarbase in Hammerfest.

Significant cost savings for customers
For en extended period, CCB has cooperated with Logiteam on a drive in subsea maintenance services. "The subsea industry, like the oil industry at large, is currently experiencing extreme pressure on costs, and new cost-effective solutions are required for the maintenance of subsea equipment. In Logiteam we have found a partner in that complements us in several ways. The partnership allows us to provide subsea maintenance services on a large scale along the entire coast to serve our customers on the Norwegian continental shelf," says CEO of CCB, Kurt R. Andreassen.

Logiteam has expertise and extensive experience in managing and implementing the maintenance of subsea systems, in addition to as logistics expertise. Norsea Group, which CCB is a part of, is the country's largest player in base operations and possesses infrastructure and logistics expertise along the entire Norwegian coast.

"This partnership will enable us to provide services that result in major cost savings for our customers," Andreassen says.

Ågotnes to become centre for subsea maintenance services
"CCB currently serves all of the fields in the Tampen area from CCB Mongstad. Ågotnes is in the process of restructuring, and in the future it will be a hub for Statoil's subsea activities in the North Sea. In recent years the base has directed its operations at the project and maintenance market, and we have had great success with our focus on yard services. Now, by way of this partnership, we intend to develop further in subsea maintenance services. The Global Centre of Expertise Subsea is currently based at Ågotnes, and we are in a very good position to become an important player in this cluster," Andreassen concludes.

A strategic match in CCB and NorSea Group
CEO of Logiteam, Nils Fr. Fjærvik, maintains that the company's expertise is tailor-made to lend the subsea effort strength. "As a consultancy business in the subsea and supply chain management fields, we have found a strategic match in CCB and NorSea Group. With the new ownership arrangement and close collaboration, we will exploit complementary expertise and offer the market new solutions," Fjærvik says.

For further information, please contact:

Nils Fr. Fjærvik, CEO, Logiteam AS                                tel.: +47 901 95 180 (mobile), e-mail: nils.fjaervik@logiteam.no

Kurt R. Andreassen, CEO, Coast Center Base AS             tel.: +47 977 01 322 (mobile), e-mail: kra@ccb.no

Coast Center Base AS. Photo: Pål Bentdal.

Coast Center Base AS (CCB) was established in 1973 and is a major supplier of service and base services and host to the country's largest players in operation and maintenance services for subsea equipment. CCB is also the market leader in maintenance and classification of accommodation and drilling rigs. CCB has ownership interests in 7 strategically located supply and maintenance bases along the length of the Norwegian coast: Kirkenes, Vardø, Sandnessjøen, Averøy, Mongstad, Kollsnes and Ågotnes. Along with NorSea Group AS (NSG), CCB is Norway's largest owner of base infrastructure. CCB has recently established operations in Las Palmas, and is now capable of offering the international subsea and offshore industry service and maintenance services from this location. CCB's headquarters are at Ågotnes outside Bergen. The company's primary shareholders are NorSea Group AS and Bernh. Larsen Holding AS. For further information, see www.ccb.no

NorSea Group AS is a privately owned company founded in 1965. The company is a leading supplier of base services and integrated logistics solutions to the oil and gas industry in Norway. The company has interests in nine strategically located supply bases along the Norwegian coast and is the largest owner of base infrastructure in Norway. The company also has operations in Scotland, Denmark and the Netherlands and can offer the oil and gas industry a unique coverage of the North Sea basin. The group has an annual turnover of around NOK 3 billion and about 1,500 employees. NorSea Group AS is headquartered in Tananger outside Stavanger. The company's main shareholders are Wilh. Wilhelmsen Holding ASA, Eidesvik Eiendomsinvest and Simon Møkster Eiendom AS. For more information, see www.norseagroup.com

Logiteam AS is a privately owned company established in 2000 by entrepreneurs from Nutec/NUI in Bergen. The company provides consultancy services in supply chain management and specializes in managing maintenance and logistics related to the operation of subsea systems. The customer portfolio largely comprises operators and major players in the oil and gas sector. For further information, see www.logiteam.no

Visiting address: Risavika Havnering 14, 4056 Tananger Phone: +47 40 00 43 21

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