ABOUT PRODUCTS & SERVICES HSEQ NEWS FLUX COMPANIES CONTACT FLUX GROUP SIGNS ANOTHER SIGNIFICANT JOHAN SVERDRUP-CONTRACT Photo by Statoil ASA December 2015 Stavanger 10 December 2015: K2JV ANS, a joint venture between Kellog Brown & Root (Norway) AS and Kværner Stord AS, has awarded Flux Group’s subsidiary Norwegian Piping a contract for provision of pipes, fittings, flanges and special items to the utility and living quarter platform on the Johan Sverdrup-field. The contract has an initial value of about NOK 40 million. Flux Group companies have to date in 2015 secured Johan Sverdrup-related contracts worth more than NOK 120 million. Flux Group was established in 2014 and has grown through three acquisitions including Norwegian Piping in October 2014. In May 2015, Statoil awarded a contract to Flux Vest Ventil for delivery of valves to the Johan Sverdrup project and with this award Flux Group significantly increases its scope and deliveries to this major offshore project. «The contracts validates the strategy behind establishing Flux Group and strengthens our position as an attractive partner to leading companies on the Norwegian continental shelf », says Ådne Grødem, CEO at Flux Group. Norwegian Piping will provide pipe, fittings, flanges and special items to the utility and living quarter (ULQ) platform for the Johan Sverdrup field. Kellog Brown & Root (Norway) AS and Kværner Stord AS were awarded the main fabrication contract in June 2015. Norwegian Piping’s deliveries commence during the summer next year. First oil from the Johan Sverdrup-field is planned for 2019. Norwegian Piping is based at Sotra, near Bergen, with a branch office in Busan, South Korea. The company has established a strong position as a supplier of high quality pipes and related components to the oil- and gas industry, shipyards and land-based industry. Norwegian Piping cooperates closely with leading European pipe manufacturers and is actively engaged in NORSOK M-650 qualification processes. «Norwegian Piping’s leading position within the pipe-market is fortified by the Johan Sverdrup contract. We have grown significantly in South Korea over recent years. We are however very pleased and motivated by having success at home and to be able to work on a mega-project such as Johan Sverdrup », says Gert Chr. Strindberg, Managing Director at Norwegian Piping. For further information: Ådne Grødem, group CEO, Flux Group, tel: +47 907 53 999 Gert Chr. Strindberg, Managing Director Flux Norwegian Piping, tel: +47 900 80 501 Flux Group in brief Flux Group was established by HitecVision in the spring of 2014 with the ambition of building a strong international oil service group. Its build-up and expansion will be pursued through both acquisitions and organic growth. The group will focus on delivering various types of oil and gas related equipment and components to customers who give great emphasis to safety and quality. Flux Group has its head office in Stavanger and has a presence in Norway, Italy and South Korea. Total Group revenues in 2014 were approximately NOK 700 million. http://fluxgroup.com LATEST NEWS April 2017 Flux Active Service awarded framework agreement by COSL Stavanger, Norway – 27 April 2017: Flux Group’s subsidiary, Flux Active Service, has signed a one-year frame agreement, with a renewal option for two additional years, with the rig company COSL Drilling Europe AS. The delivery of hoses and couplings in connection with classification of the drilling rig COSL Promoter, represents the first major project under the new agreement. April 2017 Flux Group acquires Analytic AS Stavanger, 31 March 2017: Flux Group has signed an agreement to buy the instrumentation company Analytic AS in Larvik, Norway. The acquisition represents the first stepping stone into Flux Group’s investment in the Instrumentation, Measurement, and Analysis (IMA) segment. January 2017 Another Johan Sverdrup-contract awarded to Flux Group Stavanger 30 January 2017: Flux Group’s subsidiary Active Service has been awarded a contract for the provision of 40 hydraulic umbilicals and hoses for a wellhead control system to the engineering and manufacturing company CRE8 Systems AS. The equipment will be installed at the Johan Sverdrup-field. Flux Group has now secured Johan Sverdrup-related contracts within all its product segments. November 2016 Flux Group acquires “Hoses & Couplings” division from Fluid Control Stavanger, 16 November 2016: Flux Group has entered into an agreement to acquire Active Service – the “Hoses & Couplings” division from Fluid Control. The acquisition is in line with the Flux Group strategy to become a leading supplier of equipment to the oil and gas industry. The Hoses & Couplings division was the largest part of the now bankrupt Fluid Control and had a turnover of approximately NOK 160 million in 2015. December 2015 Flux Group signs another significant Johan Sverdrup-contract Stavanger 10 December 2015: K2JV ANS, a joint venture between Kellog Brown & Root (Norway) AS and Kværner Stord AS, has awarded Flux Group’s subsidiary Norwegian Piping a contract for provision of pipes, fittings, flanges and special items to the utility and living quarter platform on the Johan Sverdrup-field. The contract has an initial value of about NOK 40 million. Flux Group companies have to date in 2015 secured Johan Sverdrup-related contracts worth more than NOK 120 million. NEWS ARCHIVE LOCATION & CONTACT Moseidsletta 122 Stavanger, Norway P.O. Box 415 4067 Stavanger post@fluxgroup.com +47 47 88 22 22 KEY TOPICS About Products & Services HSEQ News Flux Companies Contact Flux Intranet FLUX GROUP VALVES Valvision PIPING Norwegian Piping HOSES AND COUPLINGS Active Service INSTRUMENTATION, MEASUREMENT AND ANALYSIS Analytic Privacy policy © COPYRIGHT FLUX GROUP