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February 08, 2016 12:47 PM ET

Energy Equipment and Services

Company Overview of Beerenberg Corp. AS

Company Overview

Beerenberg Corp. AS provides maintenance services for the oil and gas industry in Norway. The company operates through three divisions: Maintenance & Modifications, Benarx Solutions, and Cold Work Concepts. It offers various products in passive fire insulation, as well as acoustic and thermal insulation. The company also provides architectural outfitting solutions for the maritime, oil, and gas sectors; engineering solutions; Sveisolat, a habitat solution; surface treatment, pipe work, mechanical and electrical work, and visual inspections solutions; insulation services for on and offshore, including ventilation and insulation of cold-rooms and freezer-rooms; subsea insulation solutions; and...

Kokstaddalen 33

Bergen,  5851

Norway

Phone:

47 55 52 66 00

Fax:

47 55 52 66 01

Key Executives for Beerenberg Corp. AS

Chief Executive Officer and President
Age: 46
Chief Financial Officer, Executive Vice President of Finance and Secretary
Age: 55
Chief Operation Officer and Executive Vice President of Maintenance & Modifications
Age: 38
Chief Technology Officer and Executive Vice President of Innovation & Technology
Age: 51
Executive Vice President of Business Development
Age: 44
Compensation as of Fiscal Year 2015.

Beerenberg Corp. AS Key Developments

Beerenberg Corp and Prezioso Linjebygg Wins Two New Long-Term Contracts from Statoil

Statoil ASA has awarded two new, long-term contracts with an estimated value of NOK 11 billion for insulation, scaffolding and surface treatment services to Beerenberg Corp. AS and Prezioso Linjebygg AS. They will provide services to twenty of the company's twenty nine installations on the Norwegian continental shelf when the contracts take effect. Carried out on all installations on the Norwegian continental shelf, as well as all onshore plants in Norway, these services have ripple effects in many parts of the country. Taking effect in the first quarter of 2016, the contracts have an estimated total value of NOK 11 billion over the 15-year contract period. The two new contracts will replace the company's existing contracts with these two suppliers regarding NCS services.

Beerenberg Corp. AS, Enters into New Frame Agreement

Beerenberg Holdco II AS, through its subsidiary Beerenberg Corp. AS, entered into a new frame agreement for delivery of maintenance services at Mongstad. The 10-year contract, starting January 1, 2016 is expected to give an annual turnover of approx. NOK 200 million.

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