NorSea Group awarded contract with the Transocean Arctic Consortium

NorSea Group (NSG) has been awarded a new contract with the Transocean Arctic Consortium (TAC) providing base services worth NOK 150 million.

The duration of the contact with TAC is 3 years with extension options. Through its extensive ownership in supply bases along the Norwegian coast NorSea Group shall provide logistics services from Stavanger in the south to Hammerfest in the north.

The group will have overall responsibility for all supply base and terminal activities, including loading/unloading from supply vessels, transport, storage, customs clearance of goods and waste management. The contract also includes provision of bulk materials such as water and diesel.

"This new contract is yet another affirmation that the group has managed, over the years, to develop attractive logistics solutions to the Norwegian oil and gas industry," says Lars Haug, COO in NSG. "The consortium members are exciting and future-oriented oil and gas companies. We are looking forward to cooperating with each company and the consortium as a whole. We highly value the relationship made, and would be pleased to continue cooperation also in the future."

The contract covers a drilling campaign of two wells for VNG Norge AS, five wells for Wintershall Norge ASA and three wells for Lundin Norway. The contract also covers drilling of five optional wells. The rig sharing consortium has contracted the semi-submersible rig Transocean Artic to perform the drilling operations.

Drilling is set to commence mid-July, starting with Lundin Norway. The operation will receive base services support from the groups supply base in Tananger (Sola).

For further information, contact

Lars Haug, group COO, NSG                                tel: +47 51 85 30 39 (office), +47 913 76 769 (mob)

Bill Schwab, senior contracts advisor, TAC             tel: +47 51 82 24 00 (office), +47 988 37 039 (mob)

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NorSea AS, Tananger base.

Photo: Jostein Viestad

NorSea AS, Tananger base.

Photo: Jostein Viestad

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

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