Aibel has been awarded the FEED study into the installation of a new gas module on the Troll C platform. The contract also has an option for the implementation phase.

The assignment comprises the design and build of a new gas module on the Troll C platform. Work on the FEED study begins immediately and is due to be completed in May 2017. The option in the contract is for the actual implementation phase – project planning, purchasing, fabrication and installation – which would continue until the end of 2019. The work includes project planning, building and installation of the module, as well as associated work on the platform. The client is Statoil.

The study will be performed at Aibel’s office in Bergen, which has extensive experience of modification work on the Norwegian continental shelf. The implementation phase option would also be managed from Bergen, while the module would be built at Aibel’s yard in Haugesund.

“The Troll C assignment is very important to us and demonstrates our strong and improved competitiveness in what is still a challenging market. This assignment will demonstrate our strengths when it comes to jobs that combine expertise at modification and the building of new modules,” says Aibel’s EVP for Modifications and Yard Services, Bjørn Tollefsen.

The contract is valued at more than NOK 600 million, including the option. Up to 40 employees will be engaged on the project during the FEED phase.

About Aibel

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

The company`s around 4,300 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 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.