Bergen Group Bags 2 Contracts to Supply Offshore Drilling Units with Cranes

Bergen Group has, through its subsidiary Bergen Group Dreggen AS, been awarded two new contracts from Aker MH AS for delivery of cranes for offshore drilling units. Total order value is NOK 65 million.

"This order confirms that there are many companies within Bergen Group contributing to position us as an offshore supplier," commented Bergen Group CEO Roger Simmenes.

The first contract includes cranes to be installed onboard two drilling vessels being built at DSME in Korea for the owner Oderbrecht. This contract has a value of NOK 28 million and the cranes are to be delivered in 2009 and 2010. The second contract is for cranes to be installed onboard two cylindrical drilling rigs being built in China for Sevan. This contract has a value of NOK 37 million and the scheduled delivery time is 2009 and 2010. Two cranes are to be delivered on each of the two contracts.

Bergen Group Dreggen is part of Bergen Group's Technology business area, which organizes several companies supplying key components to the shipbuilding and offshore sector. Bergen Group has chosen to acquire quality technology suppliers to reduce risk and increase own share of value creation within these areas.

"The contract is a good illustration of the extensive competence in Bergen Group and confirms that this strategy strengthens our position as a supplier to the offshore sector," added Simmenes.