Statoil has extended the duration of the TVM framework contract
Statoil has extended the duration of the TVM framework contract for modifications on the Snorre and Statfjord fields.
The TVM framework contract was originally scheduled to be completed in February but is now extended until the end of 2011.
Presently Fabricom has approx. 150 employees engaged with studies and modification work under this contract, but this number will gradually be reduced during 2011.