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    DNV wins new frame agreements with Statoil and Norsk Hydro

    News // August 16, 2002
    Classification society DNV has signed new frame agreements with Statoil and Norsk Hydro, extending existing agreements and ensuring continuing close relationships between the companies.

    The two newly signed frame agreements are estimated to be worth more than 70 million NOK a year, and will involve many if not all of DNV's consultants in Norway. Both agreements are continuations of long co-operations between the companies. Says Magne Tørhaug, vice president in DNV Consulting, "Frame agreements are extremely important as they ensure a basis for further positive development of our relationships."

    DNV's new 3-year contract with Statoil, which involves safety and work environment aspects, continues a more than 10-year relationship within the safety area. Says Tørhaug, "DNV is one of three consultants with whom Statoil has selected to work. Future engagements will include, among other projects, continued work on assessing the technical safety conditions at all facilities operated by Statoil. This work has been a major engagement for DNV through 2001 and we look forward to continuing both this and other safety engagements for Statoil."

    From before, DNV has other frame agreements with Statoil, such as the pipeline contract running over several years.

    The contract with Norsk Hydro is more general, potentially including all of Hydro's offshore related operations. The agreement has been worked out with Norsk Hydro Technology and Products. The contract will involve all types of services from DNV, both consulting and technology services.

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