Competentia and Statoil Enter Into Frame Agreement

STAVANGER, Norway, November 4, 2013 /PRNewswire/ --

The consulting company Competentia   has secured their first frame agreement with Statoil regarding the delivery of technical consulting services within the field of drilling and well technology as well as exploration and petroleum technology, mainly for Statoil's Norwayoperations. The contract duration is for five years with options for five more years.

Competentia aims to be a leading company in the delivery of technical consulting services both domestically and internationally. This frame agreement is a significant step towards further growth. "This is a confirmation of how far we have come in the development of the  company and that our services are highly appreciated by our clients. We regard this frame agreement award as a proof of confidence from Statoil" says Rune Hagen, managing director of Competentia AS. "This contract is primarily a breakthrough for us in the Norwegian market, but could also lead to delivery of personnel from our international office locations. We look forward to working together with Statoil and will do our very best to ensure that our performance and delivery to Statoil will satisfy their needs."

Competentia, a former winner of Ernst & Young's Entrepreneur of the Year award, was established in 1998. The company has recently grown to be a major supplier of consultants for technical services with revenue of NOK 1.3 billion in 2012. The company's services are provided to leading oil and energy companies in Europe, Africa, America and Asia Pacific, from Competentia's offices in Australia, Japan, Korea, Norway, USA and the UK.

Contact: Bob Browning - bob.browning@competentia.com

SOURCE Competentia