Stavanger 30 January 2017: Flux Group’s subsidiary Active Service has been awarded a contract for the provision of 40 hydraulic umbilicals and hoses for a wellhead control system to the engineering and manufacturing company CRE8 Systems AS. The equipment will be installed at the Johan Sverdrup-field. Flux Group has now secured Johan Sverdrup-related contracts within all its product segments.
Flux Group acquired Active Services, the former hoses and couplings division of Fluid Control, in November 2016 with the objective to further develop and grow the company to become a cost effective, service and quality focused supplier to the oil and gas industry along with the other companies in the Group. This award related to the Johan Sverdrup project, in combination with Johan Sverdrup awards to Flux Group’s two other subsidiaries, Valvision and Norwegian Piping, confirms the attractive position Flux Group has succeeded in establishing within its respective markets.
“Johan Sverdrup is a prestige project, and winning this contract supports our acquisition of Active Service and further validates Flux Group as an attractive partner on the Norwegian continental shelf”, says Ådne Grødem, CEO at Flux Group.
Active Service has offices in Bergen and Stavanger, and collaborates with a number of international suppliers. The company’s in-house production of umbilical/hydraulic flying leads enables the delivery of cost effective solutions and customized design with short lead-time. Since production start-up in 2014, Active Service has secured several contracts for the provision of a variety of types of umbilicals, hose bundles and related services with multiple customers, such as field operators, rig companies and major EPC and services companies on the Norwegian Continental Shelf.
‘’We have had great success with our umbilical deliveries, and are very pleased that CRE8 chose us as their preferred supplier. This fortifies our position and contributes to increased market share in the short-length umbilical segment’’, says Erlend Fremstad, Managing Director at Active Service.
The deliveries to CRE8 under this recent contract will commence immediately, and fuels the growth ambitions of Flux Active Service.
Further information from:
Ådne Grødem, CEO Flux Group, tel +47 907 53 999
Erlend Fremstad, Managing Director Flux Active Service, tel +47 975 45 913
About Flux Group
Flux Group was established by HitecVision in the spring of 2014 with the ambition of building a strong international oil service group. Its build-up and expansion will be pursued through both acquisitions and organic growth. The Group will focus on delivering various kinds of oil and gas related equipment and components to customers strongly emphasizing on safety and quality. Flux Group has its head office in Stavanger and has a presence in Norway, UK, Italy and South Korea.
About Active Service