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Bouvet

Related Party Transaction Feb 3, 2014

3563_iss_2014-02-03_71076d80-ed7b-4e35-b593-d912018ba95f.html

Related Party Transaction

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Statoil extends contract with Bouvet

Statoil extends contract with Bouvet

(Stavanger 3 February 2014) Statoil extends their

contract with Bouvet in the field of systems

development services. This is the largest of the five

contracts that Bouvet has with Statoil.

The option that Statoil has applied has a duration of

two years from 1 March 2014. The services will be

delivered in Stavanger, Bergen, Trondheim and Oslo.

"This extension is a recognition of the work that our

consultants are doing making Statoil's IT portfolio

more modern and efficient", says Bouvet regional

manager Bjarte Gudmundsen. "Through this agreement

Statoil will still have access to our expertise

within several business areas and business critical

solutions."

In addition to this contract, Bouvet has four other

contracts with Statoil: Frame agreement for

consulting and enterprise contracts within Oil

Trading and Operation, ServiceCenter and Business

Process Services.

Bouvet is a Scandinavian company with providing

consultancy and development services for information

technology, digital communication and enterprise

management. Bouvet is listed on the Oslo Stock

Exchange

For further information, please contact

- Bjarte Gudmundsen, Regional manager, Bouvet ASA,

tel: +47 915 95 349. E-mail:

[email protected]

- Sverre Hurum, CEO, Bouvet ASA, tel: +47 913 50 047,

E-mail [email protected]

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