Stolt Offshore Wins 2006 Workscope for Langeled Pipelay

abarrelfullabarrelfull wrote on 16 Jul 2012 06:30

March 22, 2004 - Stolt Offshore S.A. (NasdaqNM: SOSA; Oslo Stock Exchange: STO, STON), announced today that further to the 2005 Langeled pipelay workscope awarded to Stolt Offshore in November 2003, the Langeled Group, with Norsk Hydro as operator, has in addition exercised its option to award Stolt Offshore the 2006 workscope for the Langeled pipeline, which on completion, will be the longest offshore pipeline in the world. Stolt Offshore will be responsible for the installation of 362 kilometres of 42-inch diameter pipeline starting outside Nyhamna, through the Norwegian Trench towards the Sleipner Platform. The two-year programme is valued at approximately $250 million and will keep the LB200 laybarge occupied throughout 2005 and 2006.

Tom Ehret, Chief Executive Officer said “The award of the second part of the Langeled pipelay confirms our position as a leading contractor in this region where we are recognised both for our engineering and project management expertise as well as our ability to deliver complicated projects on time and within budget.”

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