Statoil agrees Letter of Intent for reeled pipe installationNews // July 19, 2006
Apache and Skandi Navica will carry out most of the work under the LoI.
Statoil has signed a letter of intent with a consortium consisting of Technip Offshore Norge AS and Subsea 7 Norway for reeled pipe installation services on the Norwegian continental shelf.
The letter of intent relates to a two-year framework contract for reeled pipe installation services. The value of the contract is estimated at NKr 1.6 billion, provided that the project commitments as per the contract award are sanctioned.
Work at a value of NKr 300 million has so far been approved on the Åsgard field in the Norwegian Sea.
The contract covers project management, engineering, fabrication and installation of reeled pipe applications for 2007 and 2008.
Management and engineering work will be performed at Technip’s offices in Stabekk outside Oslo and Subsea 7’s offices in Stavanger.
The fabrication of flowlines will take place at the spool bases in Orkanger in Norway (Technip) and at Gaupne in Mid-Norway (Subsea 7).
The main vessels to be used under the contract are Technip’s Apache and Subsea 7’s Skandi Navica. In addition several construction vessels will be utilised for offshore installation activities on the Åsgard field