Aibel awarded new fast-track contract

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05 April 2011

Aibel is the winner of a Statoil contract for major modification work on the Norne ship in the Norwegian Sea. The estimated value of the contract is NOK 230 million.
The contract is awarded in connection with the fast-track development of the Fossekall and Dompap fields, north of the Norne field.

’This is the second fast-track project Aibel is awarded in a few months. We now consolidate our position as a leading supplier of such projects,’ says President and CEO Jan Skogseth in Aibel AS.

Aibel is doing the necessary modifications to the Norne ship, enabling it to receive the production from Fossekall and Dompap. The company has solid experience with so called tie-in projects.

Important for Aibel in the north
Aibel’s office in Stjørdal is managing the Fossekall and Dompap project, in close cooperation with the office in Harstad. Prefabrication will be carried out in Haugesund.

’This contract is important for our further efforts in the northern areas. In December 2010, we opened an office in Harstad. This was a direct result of the maintenance and modification agreement with Statoil at the Norne ship. Now the office in Harstad will have even more work,’ says Skogseth.

In the new contract Aibel is responsible for engineering, procurement, construction and installation. The work starts immediately. At the most, 80 employees in the company will be involved in the contract.

Believes in more fast-track awards
The Fossekall and Dompap project is fifth in line of fast-track developments in Statoil’s portfolio. The goal in these projects is to halve the development time of smaller oil and gas fields, from five to two and a half years.

‘In December last year we won a similar contract in connection with the development of the Visund South field,’ says Skogseth.

‘Fast-track developments are a major priority on the Norwegian continental shelf in the years to come. For us these projects represent new and interesting opportunities,’ Skogseth concludes.

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