(Bergen, 21. December, 2017) PSW Group has been awarded a frame agreement for Capping Stack and associated services with Spirit Energy Norway. The agreement has a firm duration of 1 year with 2 annual optional periods 

Spirit Energy, the E&P joint venture which combines Centrica plc’s E&P business with Bayerngas Norge AS, began trading as an independent oil & gas operator earlier this December. By combining forces the company is now one of the largest independent E&P companies in North-West Europe with more than 70 exploration licenses across the continent.

Under the new agreement, PSW Group will be responsible for the provision of a capping stack and related well control equipment, well incident team and emergency response services. The agreement may be applied to any license where Spirit Energy Norway is the operator. "We are very pleased to be awarded this contract as we have have strategically developed our capping stack services in response to industry demands, enabling us to provide a safe and efficient response to a well control incident”, says Oddbjørn Haukøy, CEO of PSW Group.

The PSW Arctic Capping Stack is 24/7-365 maintained and operationally prepared at the PSW Subsea & Drilling base at Mongstad. With this strategic storage facility close to one of Europe’s largest offshore supply bases, PSW Group will have the Arctic Capping Stack at quayside within 24 hours of notification and reach most offshore fields on the NCS within 1-5 sailing days. 

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PSW Group offer a Capping Stack & related services and equipment as part of the Norwegian Oil & Gas emergency response plan. The capping stack is stored at PSW Group's facilities at Mongstad and can be ready at quayside within 24 hours of notification.

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