December 15 - NorSea Group will invest NOK60 million (USD7.2 million) in the construction of a ro-ro facility at its Polarbase supply base, Norway.
The investment follows Statoil's submission of its plan for development and operation for the Johan Castberg project in the Barents Sea.
"The Johan Castberg decision is an important milestone for our long-term focus in Hammerfest," explained NorSea Group ceo, John Stangeland. "The decision in itself triggers a NOK60 million investment, which will see us build a new, modern ro-ro structure at Polarbase. In addition to this, we believe the Johan Castberg project will create establishment needs for the wider supplier industry in Hammerfest, and we anticipate that we will make further investment in infrastructure to meet these needs."
Polarbase managing director, Ketil Holmgren, added: "New ro-ro facilities at the quay will allow for even more efficient loading and unloading work, and the expected further investments will contribute to even better facilities at our supply base going forward."