NorSea Group

(3 March 2014) NorSea Group has established a new subsidiary, NSG Maritime. The new company will provide engineering and marine services to the oil & gas and maritime industries. NSG Maritime will be operational from 3 March 2014. The personnel of NSG Maritime have backgrounds as master mariners and marine engineers and have extensive experience from the offshore and shipping industries. The new company will furnish NorSea Group with significant competence and experience in occupational disciplines involving maritime technologies. "NSG Maritime is a very exciting and important addition to NorSea Group's spectrum of services. Based on a strong team possessing a high level of competence and many years of experience, we will now be in a condition to deliver complete solutions in the fields of marine operations and engineering services. We look forward to being able to offer our customers high-quality and effective solutions regardless of whether it concerns standalone projects or much more integrated solutions encompassing other companies and departments of NorSea Group", says CEO of NorSea Group, John Stangeland. With a small organisation and this combination of high-level competence and vast experience, NSG Maritime will be delivering competitive and innovative solutions to both small and large companies in the oil & gas and maritime industries. The company offers a broad spectrum of engineering and marine services, including rig moves, tugboat operations, inspection of vessels, installation method development, technical analyses, audits and verifications as well as design and verification of large and small steel structures and sea fastening equipment. For further information, please contact: Jostein Fylkesnes, Operations Manager for NSG Maritime, tel.: (+47) 453 92 448 John Stangeland, CEO of NorSea Group, tel.: (+47) 915 59 446 NorSea Group AS is a privately owned company founded in 1965. The group is a leading supplier of base services and integrated logistics solutions to the Norwegian oil and gas industry. Annual turnover is approximately NOK 2.5 billion. NorSea Group AS has its headquarters in Tananger outside Stavanger, and has proprietary interests in nine supply bases along the Norwegian coast. In addition, the group is an active promoter of the progressive development of Risavika as the region's most important logistics hub. Main shareholders are Wilh. Wilhelmsen Holding ASA, Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS.