KONGSBERG signs with Statoil

Kongsberg Oil & Gas Technologies (KOGT), a wholly owned subsidiary of Kongsberg Gruppen ASA (KOG), has signed an agreement with Statoil for the delivery of subsea structures, in-line tees, tie-ins and connection systems valued at approx. EUR 47M for the Polarled gas pipeline.

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.
 
“It [the contract] 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”, comments Pål Helsing, executive vice president of Kongsberg Oil & Gas Technologies.
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