Bunker Oil signs new framework agreement with the Norwegian Defence Materiel Agency

𝐁𝐮𝐧𝐤𝐞𝐫 𝐨𝐢𝐥 𝐬𝐢𝐠𝐧𝐬 𝐧𝐞𝐰 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐍𝐨𝐫𝐰𝐞𝐠𝐢𝐚𝐧 𝐃𝐞𝐟𝐞𝐧𝐜𝐞 𝐌𝐚𝐭𝐞𝐫𝐢𝐞𝐥 𝐀𝐠𝐞𝐧𝐜𝐲

Bunker Oil AS has signed a new four-year framework agreement with Forsvarsmateriell - Norwegian Defence Materiel Agency for the delivery of fuel to vessels belonging to, among others, the Navy, the Coastal Ranger Commando, the Coast Guard, the Governor of Svalbard, the Norwegian Coastal Administration, the Institute of Marine Research, and the Norwegian Defence Research Establishment.

𝐍𝐞𝐰 𝐟𝐨𝐮𝐫-𝐲𝐞𝐚𝐫 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭
The new agreement will enter into force on July 1, 2026, upon the expiration of the current agreement on June 30, 2026. The agreement covers the delivery of fuel from Bunker Oil's facilities, tankers, and tank trucks along the entire Norwegian coast – from Kirkenes in the north to Egersund in the south.

𝐂𝐫𝐮𝐜𝐢𝐚𝐥 𝐩𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐚𝐥𝐨𝐧𝐠 𝐭𝐡𝐞 𝐜𝐨𝐚𝐬𝐭
Bunker Oil's strong presence along the coast has been a decisive factor. The authorities have signaled increased activity and presence from the Navy and the Coast Guard in the waters off Troms and Finnmark. With large facilities in Kirkenes, Båtsfjord, Honningsvåg, Hammerfest, and Tromsø, in addition to several smaller facilities, Bunker Oil is well-equipped for increased activity in the High North. The facilities in Tromsø, with their proximity to Olavsvern, will be of particular importance during the agreement period.

𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐢𝐞𝐬 𝐟𝐫𝐨𝐦 𝐬𝐦𝐚𝐥𝐥 𝐛𝐨𝐚𝐭𝐬 𝐭𝐨 𝐥𝐚𝐫𝐠𝐞𝐫 𝐯𝐞𝐬𝐬𝐞𝐥𝐬
The deliveries will vary in size – from a few thousand liters to the Coastal Ranger Commando's smaller vessels, to several hundred cubic meters to the Navy's other fleet.
The financial framework of the contract is estimated at 1.2–1.5 billion NOK, and the agreement will have a significant impact on the activity at Bunker Oil's facilities along the entire coast.
Renewal of the Navy's fleet is also underway, and Bunker Oil looks forward to delivering fuel to the new vessels as well.

𝐌𝐚𝐧𝐲 𝐚𝐧𝐝 𝐬𝐭𝐫𝐢𝐜𝐭 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬
– The Norwegian Defence Materiel Agency places many and very strict requirements on its suppliers. Our employees and partners have really made an effort and delivered at all hours of the day, year-round. Through this, we have shown that Bunker Oil is a reliable supplier, says Tore Slinning, contract manager at Bunker Oil.

He emphasizes that the agreement is important for the company.

– We look forward to four more years as a supplier of fuel to the Norwegian Defence Materiel Agency. The agreement is of great importance to Bunker Oil, alongside the fishing fleet, which remains by far our largest and most important customer group, says Slinning.

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