Statoil has awarded Aibel the contract for the implementation of extensive modifications to the Snorre A platform as a part of Statoil’s “Snorre Expansion Project” - SEP.
The contract is a so-called EPCIC contract, which means that Aibel will have an overall responsibility for engineering, procurement, construction, installation and commissioning of the project.
The contract is valued at approx. NOK 1.6 billion, and will continue until the autumn of 2021. Engineering starts immediately, and will at its peak involve around 160 engineers based at the headquarters in Stavanger, where Aibel recently concluded the FEED study for the modification contract.
“We are obviously very pleased with the confidence Statoil has shown in us. In this project we will employ Aibel’s broad expertise in the entire value chain, from initial studies to finished project. It is also confirmation that the study team has carried out thorough preparations and developed a competitive concept. This provides an excellent basis for the actual execution,” says CEO and President of Aibel, Mads Andersen.
Among other things, the modifications include removal of excess weight and equipment from the Snorre A platform. Thus the initial activity offshore will start as early as January 2018 in parallel with starting in Stavanger.
The contract also comprises the installation of a new 650 ton support module for risers. This module will be built at Aibel’s yard in Haugesund. The start of prefabrication is planned for January 2019, while the actual installation of the module is scheduled for the spring of 2020. Around 70 to 100 people will be involved in fabrication work in Haugesund.
About Aibel
Aibel is a leading service company within the oil and gas industry and is established in renewable energy.
The company`s around 4,000 employees in Norway and abroad are engaged onshore and offshore. With seven 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 more than 30 countries, present in several of the most important oil and gas provinces in the world. Building on more than 45 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. Statoil is among the world's largest net sellers of crude oil and condensate, the second-largest supplier of natural gas to the European market, and we also have substantial processing and refining operations. Statoil’s equity oil and gas production is around 2 million barrels oil equivalent per day. Statoil has contracted a fleet of around 90 ship for transportation of oil and LNG.
Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.