Beerenberg AS has signed a new sizeable three-year service contract with a global multi-energy company (nondisclosed client). In effect, the new contract extends an existing client relationship, where Beerenberg will continue delivering its core ISS and maintenance services at an oil field in the North Sea. The contract is worth between NOK 50 and NOK 100 million with planned commencement February 26th, 2024.

Additionally, the contract has three options of one year each, with a potential total duration of six years.