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Apply has been awarded a frame contract with Statoil.

Apply has been awarded a frame contract for Maintenance and Modifications on the Valemon Field. The contract has a duration until July 2016 with options for 2 + 2 years extensions, has an approximate value of 180 mill NOK including options.

The contract is established as an extension of the existing M&M frame contract between Apply and Statoil. The Valemon contract  will expand Apply’s  engineering team in Bergen further . The offshore installation is planned for Q2 -2014 with start of production in Q4 -2014

Valemon is located in the northern part of the North sea, between the fields Kvitebjørn and Gullfaks south. Valemon is being developed as a fixed platform with a steel jacket for the separation of gas, condensate and water. The normally unmanned platform will be remotely controlled from the Kvitebjørn platform when drilling operations are completed in 2016/17