Statoil has signed 17 frame agreements with 12 suppliers to safeguard its valve requirements over the next five to seven years. The total value exceeds USD 336 million. The agreements cover the spectrum of the company’s offshore and land-based operations. According to Rune Norseng, VP for procurements in the Norwegian E&P business area, the move “secures access to essential equipment at competitive prices in a market with high demand.” Emerson, Kent Introl, and CCI are supplying control valves with a combined contract value of USD 139 million.
