Bouvet

M&A Activity • Dec 27, 2017

Statoil renews two important long-term contracts with Bouvet

Statoil renews two important long-term contracts with Bouvet

Statoil has renewed its two biggest agreements with Bouvet, including one which covers IT system development, administration, consultancy and various support services. The other contract relates to Statoil's quality management system, where Bouvet delivers business process services, consultancy, technical IT support and various support services.

These agreements run for up 10 and six years respectively, and represent a substantial volume and value.

"These are two large and important contracts for us, which confirm our good and close collaboration with Statoil," says Sverre Hurum, CEO of Bouvet ASA. "We're very proud and respectful of the trust this company has placed in us, and are looking forward to highly interesting and value-creating deliveries. These agreements are also very important for our continued development."

Bouvet is a Scandinavian consultancy with more than 1 200 employees, which delivers services related to information technology, digital communication and advice. The company is listed on the Oslo Stock Exchange.

For further information, contact:

Sverre Hurum, CEO, Bouvet ASA. Telephone: +47 91 35 00 47. E-mail: sverre.hurum@bouvet.no

Bjarte Gudmundsen, regional vice president, Bouvet ASA. Telephone: +47 91 59 53 49. E-mail: bjarte.gudmundsen@bouvet.no