Beerenberg Copr AS October

"Our business idea is reliant on good HES/Q performance", CEO & President Morten Walde writes in the latest edition of Management Letter.

Markets

The level of investment on the Norwegian Continental Shelf has increased by an average of 15% year on year in the period 2011 to 2013. A slowdown in growth to around 5% a year is forecast for the next three years between 2014 and 2017. In this context it is important to take into account the record high level of investment at present (2013) when assessing market prospects. Combined with continued growth of 5% this will help ensure beyond doubth that the Norwegian Continental shelf remains the most active, and possibly also the most attractive, offshore market in the world.

 

Level of activity

Beerenberg has seen a consistently high level of acftivity in the Maintenance & Modifications segment throughout the third quarter, even after the completion of the extensive maintenance shutdown at Greater Ekofisk. In light of this the company management should like to praise both the ConocoPhillips and Beerenberg crews for a very successful maintenance operation. The very high levels of activity during the summer have been well handled, with good progress and good HES/Q statistics intact. There are high expectations for activity levels on the other offshore assignments for Statoil and ExxonMobil at the start of the fourth quarter, and the company in experiencing significant activity at the onshore plants of both Statoil in Kårstø and Shell in Nyhamna.

 

HES/Q, technology development and competence development

The majority of Beerenberg's client portfolio has safety, successful execution and competitiveness as its key priorities, both internally and when evaluating potential partners. It is therefore no coincidence that Beerenberg's order books are dominated by business that prioritise exactly these capabilities. Our business idea is reliant on good HES/Q performance, which in turn underpins stable and successful execution, a high level of cost-efficiency and continually improving competitiveness.

 

To read more, please visit the Beerenberg website here.

Associated companies:


Related news

Latest news

Jotne Subsea Gas Lift for Balder Field

In April 2015, Jotne E&P was awarded an EPC contract to build the subsea gas lift manifold for Exxon Mobil on the Balder Field.

Jotne Awarded Contract for Subsea Protection Structure

In January 2016, Jotne E&P was awarded a contract for the delivery of a subsea protection structure and GRP cover for a Xmas tree at Balder field. The contract was awarded by Ocean Installer.

UiB and CMR in high-tech collaboration

Students from UiB last month joined an experiment with an ultra-high-speed camera. This was a part of the troubleshooting of the Field Kelvin Probe currently under development.

Hatteland Display at International Workboat Show 2016

Hatteland Display are highlighting its diverse portfolio of maritime displays and panel computers on its booth (#1658) at the International Workboat Show 2016 (IWBS 2016) this week.

Servogear Announces Upcoming Events

Servogear announces a busy end of November, beginning of December. They will be participating at important international exhibitions.

Teamtec and ANDRITZ Cooperation

ANDRITZ and TeamTec have signed a cooperation agreement for worldwide marketing of the SeaSOx exhaust gas cleaning system for the maritime industry. 

Export Credit Norway looking for Norway's Best Exporter

Export Credit Norway  has now opened the nomination process for the 2017 Export Award, searching the Norwegian exporter of the year. 

Global Economic Outlook

7 December, Oslo Chamber of Commerce invites to a session with insightful updates on the Norwegian and international economy.

Rebuilding for Hydrogen

M/Y “Che Guevara”, previously owned by Gaddafi, will be converted to run on hydrogen. Greenstat will lead the project and are seeking partners.