Sontum Fire & Safety AS, a subsidiary of Stavanger-based Valco Group, has signed a frame agreement with Statoil for the delivery of Fire & Safety-equipment and related maintenance and training. The contract is for a period of 3 years with the option for another 2 years, and embraces all Statoil’s offshore and onshore installations in “Operating Area West” and “Operating Area North Sea”. Sontum estimates that the annualized value of the contract will be NOK 40-50 million, giving a total of NOK 200-250 million during the maximum period of 5 years. Sontum Fire & Safety has almost 30 years of oil & gas industry experience. The business concept is based on providing a wide specter of Fire & Safety products and services to offshore oil & gas sector, on-shore terminals, shipping, industry buildings, public buildings etc.