New STS contract improves future prospects

Neptune Energy Norge AS has awarded ISS contract to StS for insulation, surface and scaffolding. The agreement is valid for 3 years, with Neptune’s option for two + two-year extensions.

– For StS this contract is important for two reasons: First, it ensures employment for many years to come. Secondly, the contract contributes to reaching one of our strategic goals to strengthen our order backlog in insulation and surface in addition to scaffolding, says CEO in StS, Ingrid Solheim.
– We are looking forward to becoming a supplier to Neptune Energy Norway and appreciate the trust they show us in this contract award. We will make every effort to ensure that Neptune is successful in their projects, “she said.

Neptune Energy Norway is the operator of the Gjøa field. Gjøa is located in the northern part of the North Sea, 50 kilometers northeast of Troll. The field is built with four seabed frames and a satellite well connected to a semi submersible production and processing device. The Gjøa facility is operated partly with power from land. Vega and Vega Sør are connected to Gjøa for processing and further export. Production started in 2010.