Vector signs framework agreement with StatoilHydro

Drammen, 24th November 2008:
Vector International AS has signed a framework agreement with StatoilHydro regarding supply of pipes and flanges. The agreement primarily conserns deliveries to fields and projects on the Norwegian Continental Shelf, but may also be used in StatoilHydro’s international projects. The agreement is valid for 2 years from 1st January 2009, with an option to prolong the agreement by 2 plus 2 years.

Vector is a portfolio company of HitecVision Privae Equity IV L.P.