Lloyd’s Register bags global Master Service Agreement with Statoil

LONDON -- Lloyd’s Register has signed a Master Service Agreement (MSA) with Statoil, effective Nov. 10 which will cover Statoil’s full project portfolio from new builds to modifications of existing assets.

Key services provided under the agreement include safety studies, platform technology engineering services, and a full scope of global inspection services such as new build certification, vendor site inspection and vendor assessments.

Inge Alme, Sales Director at Lloyd’s Register Energy said, “We are delighted to secure this MSA with Statoil; a significant milestone in our long collaboration which will prove highly beneficial for both parties in our shared efforts to enhance safety and efficiency in operations.”

Alme explained, “The agreement covers the full Lloyd’s Register service offering throughout the value chain from safety studies through inspection services to technical services related to verification, validation, and class."

“It builds upon and reinforces our long and successful collaboration with Statoil and pays testament to the robust relationship we have developed over the years.”

The MSA allows Lloyd’s Register to competitively bid on global services for Statoil projects, both onshore and offshore. It also provides the framework for country specific call-offs to be entered into by the local entities of both companies.