Gjøa semisubmersible platform to Aker Kvaerner

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29 September 2006

Statoil and Aker Kvaerner have signed a memorandum of understanding for the contract for the semisubmersible platform to be located at the Gjøa field offshore Norway. A final contract is expected to be signed ultimo October 2006, with an estimated contract value of approximately NOK 8 billion. Preparation work will start immediately and the platform will be towed to the field in 2010.

"We are extremely excited to have signed this memorandum of understanding for the design and construction of this new semisubmersible production platform", says Aker Kvaerner's executive vice president Simen Lieungh. He emphasises, "We have a very good working relationship with Statoil, with recent experience both from Snøhvit and from the similar, but slightly smaller Kristin platform which we completed last year".

The Gjøa production facilities topsides measures 110 meters long and 85 meters wide and weighs in just below the 20.000 tonnes mark. The hull weighs 14.200 tonnes. Aker Kvaerner is currently performing the front-end engineering design for the platform under a smaller contract that was signed in January 2006.

The scope of work to be performed by Aker Kvaerner following contract signing in October will be detail design of topside and hull, procurement, construction and hook-up of topside, and mating of topside and hull. Statoil will place a separate fabrication contract for the hull and a separate engineering, procurement and construction contract for the living quarters.

Detailed engineering will be headed from Aker Kvaerner's office in Oslo, and a significant part of the engineering hours will be carried out by Aker Kvaerner's engineering entity in Mumbai in India. In total, more than 500 Aker Kvaerner engineers will be mobilised to design the platform and the peak manning will reach 2000 persons. The platform will be constructed at Aker Kvaerner Stord AS, who also is Statoil ASA's contract partner. Several Aker Kvaerner companies will deliver to Gjøa.

Lars Eide (41) will be project director for Gjøa. He is currently president for Aker Kvaerner's offshore yard in Egersund, Norway. May Wenche Hammert (39) is appointed as the new president for Aker Kvaerner Egersund.

Gjøa was discovered in 1989. It is a combined oil and gas field located off the coast of the Norwegian city of Florø. Statoil (owner of 20 %) is the operator in the field development phase, while Gaz de France (30 %) will be the operator. The other partners are Petoro (30 %), AS Norske Shell (12 %), RWE Dea Norge AS (8 %). The. Camilla, Belinda and Fram B fields (known as CBB and operated by Hydro) will be connected to the Gjøa semisubmersible platform by a common flowline subsea tie-back solution. Gas will be sent to Scotland and oil will be exported to Mongstad in Norway.


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