(OFFSHORENO) The agreement also includes an option for a lease of premises which would become vacant for ten-year period. We also have a large estate at Kollsnes which could be exploited if the need should be bigger, says CEO Kurt Andreassen to vnr.no.

Lease with Statoil secures CCB predictable revenues of buildings.

Since it became known that the group will move all supply business to Mongstad, redundancies have been unavoidable and the workforce is almost halved. A thirty-odd people have applied to work at Mongstad.

CCB bought Mongstadbase in spring and from July 1 will CCB control all supply operations for Statoil at Mongstad, on behalf of the parent Nor Sea Group.

We are absolutely on schedule, says Andreassen, who look forward to getting started with operations at Mongstad.

PCCODENET