Coast Center Base AS awarded nationwide subsea frame agreement by Statoil

(Ågotnes, 29 April 2016) Coast Center Base AS (CCB) has signed a nationwide frame agreement with Statoil for the maintenance of subsea equipment and tools.

The frame agreement, which comes into effect immediately, includes demobilization, storage maintenance and overhauling of subsea equipment that forms part of Statoil's underwater tools portfolio. CCB also has an option for additional maintenance work in connection with mobilization and offshore operations.

The maintenance work will be carried out at CCB and NorSea Group-owned bases along the entire Norwegian coast. The plan is to carry out most of the work at CCB (Ågotnes) in Bergen and Vestbase in Kristiansund, but it is also expected that a considerable amount of work will be carried out at Vestbase in Florø, Helgelandbase in Sandnessjøen and Polarbase in Hammerfest.

Hub for subsea activity
CCB has previously announced that it will concentrate heavily on further developing CCB as the headquarters for subsea maintenance services. All activities associated with the contract will therefore be managed and coordinated by the company's subsea competence center at Ågotnes, in collaboration with other bases and local subcontractors.

"CCB and Ågotnes are currently undergoing reorganization, and will in future be the nerve center for Statoil's subsea operations in the North Sea. It is therefore important for us and NorSea Group to further develop quality services within the subsea segment, and this frame agreement forms a sound foundation for our further efforts," says Kurt R. Andreassen, CCB’s Chief Executive Officer. "Through the acquisition of Logiteam and the establishment of CCB Subsea, we have shown that we can offer high quality services at competitive prices. We are looking forward to starting to work with suppliers around us."

Coast Center Base AS. Photo: Pål Bentdal

Local value creation and jobs
The contract model helps us not only to ensure consistent high quality and cost-effectiveness for Statoil; it will also contribute to maintaining jobs and creating value for local communities.

"For CCB as a company, it is important to think about local value creation. We want to build industrial clusters that companies close to us can benefit from also in the future," Andreassen continues.

The contract will run for 2 years, with two 3-year options.

For further information, please contact:

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

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

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