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Grenland Group ASA has been awarded a contract from Statoil

Grenland Group has been awarded a contract from Statoil for modification of the Water Injection Plant on the Gullfaks B platform. The water Injection plant is pumping sea water into the oil reservoir, for maintenance of the well pressure and production capacity.

Gullfaks B is the central unit on the Gullfaks Field and delivers oil and gas to
Gullfaks A and Gullfaks C, for further delivery of oil to shuttle tankers and
gas through pipeline to the plant at Kårstø

"This contract confirms that our dedicated focus on the modification market is
giving the expected results and it confirms our position as a major EPCI
contactor in Norway. We are very pleased that Statoil has chosen Grenland Group
for this important project" says Hallgeir Skogen, CEO Grenland Group.

The contract value is approximately NOK 400 mill. and the work will start
immediately. Contract completion is planned in middle of June 2012. Together
with other large contracts recently awarded to Grenland Group, this will give
the company a good base load and a sound platform for further growth within the
business stream Offshore Partner.