Aibel's assignment is to consider a module based solution for a new process platform at the field centre for future phases for Johan Sverdrup. This is a similar concept to the one used for the Johan Sverdrup Drilling platform, which Aibel is currently realising. The results of the study will form important input in the decision making process for Statoil's choice of concept for the next development phase.

"This is a significant assignment. We're proud to be one of key participants to supply the terms for this giant investment. Our work will provide important guidelines for Statoil's choice of its future solution for the phase two development," says EVP Field Development, Nils Arne Hatleskog.

Aibel's team started working on the C study in January and will continue throughout June. On average, the study will involve around 35 employees. This is Aibel's third Johan Sverdrup assignment. The EPC contract for the field's drilling platform was awarded in February 2015, while the EPC contract for the Haugsneset converter station was awarded in October last year.

About Aibel

Aibel is a leading service company within the oil and gas industry and is established in renewable energy.

The company`s around 5,000 employees in Norway and abroad are engaged onshore and offshore. With eight locations in Norway, the company is located near the customers. In addition to operations in Norway, Aibel is also located in Thailand, Singapore and Denmark.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.