PALFINGER lands huge contract in Norway

• Statoil has awarded a contract totalling NOK 285 million (EUR 32.6 million) to PALFINGER Dreggen
• PALFINGER Dreggen will supply large electric cranes for oil field in the North Sea

The PALFINGER Group has managed to land another major contract for its marine business. The predominantly state-run Norwegian oil company Statoil ASA, headquartered in Stavanger, had invited tenders for the equipment of a new Norwegian oil and gas field with large marine cranes, and at the beginning of the month it awarded the contract to PALFINGER Dreggen. One of the decisive factors accounting for this success over the company’s international competitors was PALFINGER Dreggen’s verifiably lower costs over the lifecycle, given comparable quality. In the years to come, PALFINGER Dreggen will, as part of this contract, supply seven large electric marine cranes with a lifting power of 60 tonnes and a reach of 60 metres. This heavy machinery will be manufactured in the company’s own plants in Poland and South Korea.

This is the second major contract that PALFINGER Dreggen has been awarded since its integration into the PALFINGER Group in October 2012, following the huge contract from Singapore in December 2013 in a total value of approx. EUR 100 million. Herbert Ortner, CEO of the PALFINGER Group is extremely pleased. “This contract confirms the strategy we have been pursuing in the marine business,” he declared, “and it is another milestone that gives proof of our competitiveness.”

The oil and gas field “Johan Sverdrup” is located west of Stavanger and will commence production around the end of 2019. With a planned daily output of up to 650,000 barrels of oil equivalent, it will account for 25 per cent of the total Norwegian production.