Nordic Business Report-December 6, 2006-CorrOcean ASA wins breakthrough order in Venezuela (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian corrosion and condition monitoring technology and services provider CorrOcean ASA said on Wednesday (6 December) that it has received a NOK2m contract for its corrosion monitoring system FSM-IT from an undisclosed customer in Venezuela. The order represents a breakthrough for CorrOcean on the Venezuelan market. CorrOceans FSM (Field Signature Method) makes it possible to monitor corrosion in pipelines without introducing sensors through the pipe wall. CorrOcean is headquartered in Trondheim, Norway, but also has offices in the US and Italy. The company provides corrosion and condition monitoring technology and services to customers in the oil and gas industry. CorrOcean is listed on the Oslo Stock Exchange and traded under the ticker COR. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to [email protected]))