Bjorge Signs LOI with FMC for Naxys Work at Ormen Lange and Vega

Bjorge has signed a letter of intent with FMC Technologies for the supply of Naxys condition and leak monitoring systems, to be used on the new subsea production systems on the Ormen Lange and Vega fields. The Vega field is located approx. 80 km west of Floro. The contract has a value of 20 million NOK. Work under the contract has been initiated and will be completed in 2008.

Developed and manufactured by Bjorge, the systems will contribute to ensuring optimal and safe operations, at the same time as giving early alarm in the event of any spills to the sea.

CEO of Bjorge, Stig Feyling, reports that Bjorge previously has supplied similar systems to Troll Pilot, Ormen Lange phase I, Tordis IOR subsea processing facility, and Vigdis production template.

The products have attracted considerable attention on the international market, with Bjorge having received inquiries and submitted bids for projects off West Africa, the Gulf of Mexico and Asia.

Feyling further reports that Bjorge has an ambition to become a leading, complete supplier within monitoring of subsea installations by combining Naxys technology and competence with Bjorge's competence within pumps, valves, instrumentation and process control.

"We are very pleased about the contract that FMC Technologies has awarded us and consider it an important step forward for our technology within condition and leak monitoring," Mr. Feyling concludes.