Statoil awards Kristin installation to AMC

By OGJ editors

HOUSTON, Mar. 18 -- Statoil ASA, on behalf of Kristin field licensees, has awarded a 100 million kroner contract to Aker Marine Contractors (AMC) for installation of the Kristin semisubmersible platform in the Norwegian Sea field.

The scope of work, scheduled for completion in spring 2005, includes transport and pre-installation of the anchor system, tow, and installation of the platform in the southwestern area of the Haltenbanken on the Norwegian Continental Shelf.

The first stage will take place in summer 2004, with the transport and pre-installation of the anchor system—16 suction pile anchors and associated chain and wire moorings—on the seabed in 5,000 m of water, utilizing the Boa DeepC newbuild construction vessel owned by the Norwegian company Taubåtkompaniet.

This will be followed in the spring of 2005 by the tow of the platform from the Aker Stord yard near Bergen to Kristin field, where AMC will connect it to the pre-installed mooring spread.

Kristin is expected to begin producing 126,000 b/d of condensate and 18 million cu m/day of natural gas liquids Oct. 1, 2005. The field ultimately is expected to produce 35 billion cu m of gas until 2016 from 12 subsea wells, including 220 million bbl of condensate and 8.5 million tonnes of natural gas liquids (OGJ Online, Oct. 15, 2002).

Statoil holds a 46.6% interest in Kristin. Its partners are Petoro AS 18.9%, Norsk Hydro AS 12%, ExxonMobil Corp. 10.5 %, Agip SPA 9%, and TotalFinaElf SA 3%.

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