Shell expands at Vestbase
(Kristiansund 10 June 2013) AS Norske Shell has signed a new contract with Vestbase AS for the rental and development of around 25,000 m2 of land at Vestbase. The contract has a long-term perspective of 25 years and is worth several hundred million kroner.
The extensive area is intended to meet Shell's current demand for land for new buildings, as well as the necessary land for future expansion and the expected future level of activity. The contract involves the construction of about 7,000 m2 of new workshops/warehouses, with associated infrastructure and areas for maintenance, repair, storage and handling of the company’s material and equipment. Construction will start as early as autumn 2013 and all the buildings in this phase should be completed by the end of the first quarter of 2015.
An important contract for Vestbase
According to the Managing Director of Vestbase Alf Dahl, the contract with Shell strengthens the position of Vestbase as a logistics and service centre for offshore activity in the Norwegian Sea, particularly in subsea operations, maintenance and project activity. “This is a very significant contract for Vestbase, both financially and strategically. The long-term nature of the contract, its scope and not least its potential for an expansion of services are very interesting,” says Dahl.
Long-term growth ambitions
Shell is very pleased to have secured strategic areas of Vestbase for current activities and future expansion and envisages great benefits and synergies with Statoil's Åsgard Gas Compression Project and its own future activities on Ormen Lange.
”Shell's long-term, comprehensive contract with Vestbase for rental and construction also confirm Shell’s long-term growth ambitions in this region. Such a long-term contract will give an important ripple effect for local and regional suppliers as a result of growth in the associated operations and services,” says Operations Manager of Shell, Gunnar Ervik.
For further information, please contact:
Kitty Eide, Communications Manager, A/S Norske Shell tel: +47 41 50 35 40 (mobile)
Alf Dahl, Managing Director, Vestbase AS tel: + 47 90 79 35 36 (mobile)
Shells new operational area at Vestbase. The first subsea halls will be completed by march 2015.