16. februar 2012 Long term contract by VNG Norge AS

Ross Offshore AS today announces contract award for Drilling Management Services with VNG Norge AS (VNG).

Long term contract by VNG Norge AS

The contract is a frame agreement for three years firm, with two x two year options. The contract will take effect immediately. The contract replaces a similar contract entered into in 2010 between Ross and VNG.

Ross Offshore's Well Management group will support VNG through integrated well management services for their drilling operations from our Oslo, and Stavanger offices. The starting point for this new contract will be VNGs two firm slots in the Transocean Arctic consortium, with an optional third well.

Estimated contract value is MNOK 40-60 over firm period.

Ross Offshore already has a good working relationship with VNG and this contract will further strengthen the  relationship between the two companies. We look forward to provide our services to such a major actor in the European market, says CEO of Ross Offshore, Peder Sortland.

Ross Offshore serves its clients through four business streams; total well management, resource management, reservoir management and supply chain management, including marine operations. We aim to provide the highest quality and most cost effective solutions for our clients.


Further information contact:
Ole Marius Norvik
Vice President - Communications
Ross Offshore AS
Phone +47 91593020

mail: ole.marius.norvik@rossoffshore.no