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Norwegian suppliers: Statoil is too powerful

Statoil has become too powerful a company and is pressuring subcontractors into continuously lowering prices on contracts, says a Norwegian supplier, according to Sysla.no, stressing the need to scrutinize the power of the oil major.

Photo: PR/Statoil

Norwegian subcontractors to the offshore industry are highly dependent on Statoil, and the oil major increasingly exploits this power to pressure suppliers into accepting ever-declining prices on contracts in the weak market, says the organization Maritimt Forum in comments to media Sysla.no, while urging politicians to examine Statoil's position of power.

"We have always said that Statoil is too big and has put pressure on suppliers which depend on Statoil. It's problematic that Statoil has abused that power," says Frise Solbakken, daily manager of Maritimt Forum's department in Stavanger, Norway.

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