Simtronics Awarded NOK 25 Million StatoilHydro Contract

StatoilHydro has awarded Simtronics a one-year maintenance contract worth an estimated value of NOK 25 million. Simtronics, the Norwegian fire and gas safety company, will receive an option for an additional three-times one year on the same terms, giving an estimated value, including the option, of NOK 100 million over four years.

StatoilHydro has awarded Simtronics ASA's subsidiary Water Mist Engineering AS, a one-year maintenance contract for all permanent fire-extinguishing equipment on offshore platforms and oil terminals. The order is one of the largest maintenance contracts on fire-extinguishing equipment in Norway, and it is the largest to date for Simtronics.

"All the major players competed for this large maintenance contract and we are proud to be awarded the contract," said Simtronics CEO Rune Martini. "We see this order as yet another confirmation that Simtronics has succeeded in positioning itself as a leading safety supplier."

The contract includes maintenance on all former Norsk Hydro platforms and one terminal: Oseberg field operations center, Oseberg East, Oseberg South, Oseberg C, Grane, Troll B, Troll C, Njord A, Njord B, Heimdal, Brage and Sture.