Kvaerner awarded Mongstad contract

abarrelfullabarrelfull wrote on 23 Dec 2012 20:23

26 October 2011

Kvaerner has signed a Fabrication and Construction contract with Statoil for upgrading of the Delayed Coker Revamp unit at Statoil's facilities at Mongstad. The contract value is NOK 220 millions.

The Delayed Coker Revamp unit is the part of the Mongstad facilities that produces petroleum coke, which is often used as electrodes in electrochemical and electro metallurgical industry. The Delayed Coker Revamp unit is now to be upgraded.

"The onshore market is important to Kvaerner. The contract affirms our position as a preferred supplier for onshore development and upgrading projects. It also brings work in a period that is somewhat slower than usual for our business at Stord", says Kvaerner Executive Vice President Lars Eide.

Kvaerner is already present at the Mongstad plant, in connection with the Technology Center Mongstad (TCM) project. This project draws near completion, but with the Delayed Coker Revamp project, Kvaerner will continue its presence at Mongstad.

"We interpret this as confidence in our ability to deliver, and a sign that the client is satisfied with our work at the TCM," says Eide.

The mobilization of personnel will begin immediately. At peak, around 200 workers are expected to be in operation, in connection with a two month long shut-down period next fall. The work will take place both at Stord and Mongstad. Prefabrication at Stord is expected to commence before Christmas. The duration of the project is through 2012.

Contract part is Kvaerner's subsidiary Kværner Stord AS.

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