Statoil has awarded the Johan Sverdrup SURF Detail Engineering and Services 2015-20 contract to IKM Ocean Design.

Johan Sverdrup field is a large oil discovery in production licenses PL265, PL501 and PL502 in the Utsira High region of Norwegian Continental Shelf, 140 km west of Stavanger. The field development is a phased development. Phase one includes the establishment of the field center, consisting of four platforms: A process platform, a drilling platform, a riser platform and a living quarter platform. Subsea, phase one consists of umbilicals and water injection pipelines running from the field center to the injection templates, with the purpose to provide pressure support.

CEO of IKM Ocean Design, Peder Hoås, says IKM Ocean Design has had a long-term objective to continue our involvement in the Johan Sverdrup Field Development. We are therefore very proud that Statoil has chosen IKM Ocean Design for this prestigious contract. Hoås further says that IKM Ocean Design has, over the last year, worked actively to develop improved and new cost-effective technical solutions for our Clients and that these important improvements have been necessary to adapt to the current market situation. The Johan Sverdrup SURF Project will be a continuation of the good work carried out in earlier phases of the project and gives us the opportunity to further support Statoil and its partners in the design of the field architecture and subsea solutions for the largest oil discovery on NCS for thirty years.

The contract has a duration of two years for the completion of detailed design, follow-on and supervision for all pipelines and cables in the field. Furthermore, an option of three years includes future phases of the field. The engineering work starts immediately.

About IKP GROUP

The IKM group is a multidiscipline sub supplier to the oil and gas industry. Our priority area is growth: growth in sales, growth in profits and growth in the services supplied. IKM will continue to establish new businesses, do acquisitions and alliances in order to steadily develop IKM as a quality supplier.

The group does currently employ about 2900 employees and has a budgeted turnover of 4,5 billion NOK for 2014.

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, No