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Norwegian suppliers competitive

October 13, 2005, 14:55 CEST

Orders worth an average of NOK 35-40 billion per annum have been placed by Statoil with Norway’s offshore supplies industry over the past decade.

Of the NOK 63 billion spent by the group on goods and services in 2004, roughly NOK 45 billion went to Norwegian contractors and suppliers.

“We’ve seen that Norway’s supplies sector can be fully competitive with international industry,” chief executive Helge Lund said today, 13 October.

Speaking at the 10th annual Supplier Day staged by Statoil in Stavanger, he continued: “The Norwegian share of our total supplies remains very high.

“This demonstrates in turn that Norway’s supplies industry has great opportunities both at home and abroad.”

He noted that good and close cooperation with contractors and suppliers is an important requirement for Statoil’s industrial success.

“We’re well positioned both strategically and financially to continue developing our group both on the Norwegian continental shelf and internationally.

“To succeed with our plans for future growth, however, both we and the supplies industry must achieve continuous improvement.”

Nina Udnes Tronstad, executive vice president for health, safety and the environment (HSE), stressed that managing the environmental challenges relating to climate and clean water is central to the future success of the industry.

"HSE is more than legal and moral commitments," said Ms Udnes Tronstad. "Good HSE resluts are synonymous with quality."

Statoil seeks to use the Supplier Day event to keep the Norwegian industry briefed on its future activity plans and requirements.

The emphasis at this year’s meeting, which attracted some 200 participants from about 100 companies, is on cooperation both for further development of the NCS and expansion internationally.

Statoil is staging a Technology Day in Trondheim on 20 October, when technological cooperation with the Norwegian supplies industry will be one of the topics on the agenda.