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Simex Technologies, Inc Signs With Statoil

Simex AS a subsidiary of Simex Technologies has signed a new contract which exceeds NOK 5 million with Statoil AS, according to Business Wire. Simex is a technical contractor, engineering and service company and along with their contract partners Marine HVAC and ABB in Norway, they will be responsible for the engineering and installation on the "Kvitebjorn" oil drilling platform in the North Sea sector. "As a result of the reorganization plan that was completed during the later part of 2000 and first part of this year, Simex's production, engineering and technical contractor teams are better intergrated, and as a result, we believe that we can meet the expected increasing customer demand in the North Sea oil and gas sector during the next 5 years", said Kjell I. Jagelid, President.