Statoil Orders Kongsberg Equipment for Polarled Gas Pipeline

Kongsberg Oil & Gas Technologies AS (KOGT), a wholly- owned subsidiary of Kongsberg Gruppen ASA (KOG), has signed an agreement with Statoil for the delivery of subsea structures, in-line tee’s, tie-in and connection systems for the Polarled gas pipeline. The vaule of the contract is NOK 380 million (approximately $65 million)

The contract was signed with Statoil on behalf of the partners in the joint venture for Polarled: Statoil, Petoro, OMV, Shell, TOTAL, RWE Dea, ConocoPhillips, Edison, Maersk Oil and GDF SUEZ. Polarled is a new 480-km long gas pipeline from Aasta Hansteen to the Nyhamna processing facility in Møre & Romsdal County. The pipeline will make it possible to develop Aasta Hansteen and other fields in the Norwegian Sea. Polarled will also have a branch pipeline to the Statoil-operated Kristin Field, and the order includes structures and tie-ins for that branch.

The project is scheduled to commence immediately and will last for more than three years. Engineering will be done by KOGT at Lysaker, while fabrication will be done by subcontractors in Great Britain and Norway. “We are extremely pleased with the contract”, comments Pål Helsing, Executive Vice President of Kongsberg Oil & Gas Technologies. “It testifies to the fact that KONGSBERG has the expertise required to resolve new challenges inherent in future subsea projects aimed at developing new and existing fields. In that respect, the contract confirms the company’s position as a significant subsea-player on the Norwegian Continental Shelf”, concludes  Helsing.

 

 August 13, 2013

 

 

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