APPLY signs agreement with Point Resources

Apply has signed a frame agreement with Point Resources to provide engineering, procurement, construction and installation (EPCI) services.

The agreement has a duration of 5 years, plus options, and the first task include work scope associated with the upgrade of drilling systems prior to the forthcoming drilling campaign at the Ringhorne platform, with planned start-up 1 March, 2019.

Point Resources operates the former ExxonMobil-operated assets offshore Norway, such as Jotun, Balder and Ringhorne fields. As Point Resources is evaluating several future projects, this contract may be a valuable addition to APPLY´s contract portfolio.

APPLY represents Apply’s MMO- and EPCI operations in the oil- and gas. Deliveries target all project phases from concept development and studies to completion and commissioning as well as operations, maintenance and modifications of oil and gas production facilities. The company has more than 30 years of experience on the Norwegian Shelf. Headquarters are in Stavanger, with offices in Bergen, Krakow and Hammerfest.