Statoil Extends Valve Agreement with Bjorge

Bjorge ASA has secured a two-year extension worth an estimated NOK 80-100 million to a frame agreement between its Bjørge Solberg & Andersen AS subsidiary and Statoil. The contract will now extend through March 31, 2008. It covers maintenance, engineering support, condition monitoring and repair of all types of valves on Statoil's installations in the North Sea.

Bjorge delivers products and performs project and maintenance services for the oil and gas, land-based and marine industries.