Sontum Fire & Safety AS, a 100% owned subsidiary of Stavanger based Valco Group, has today signed a frame agreement with Statoil for delivery of fire and safety equipment and related maintenance and training. The contract is for a period of 3 years with option for another 2 years and embraces all Statoil's offshore and onshore installations in "Operating Area West" and "Operating Area North Sea."
Sontum estimates annualized value of the contract to be 40-50 MNOK, giving a total of 200-250 MNOK (25-30 MEUR) during the maximum period of 5 years.
"Sontum is awarded this contract in strong competition with several companies. We are convinced that this positive conclusion by Statoil was based on two main facts:
said General Manager, Mr. Audun Hellesøy. Together with his team he is ready to start the deliveries to Statoil already next week.
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