Statoil, Kvaerner plan Norwegian refinery upgrade

By OGJ editors
HOUSTON, Jan. 12 -- Statoil ASA has signed a letter of intent with Aker Kvaerner ASA for basic and detailed engineering plus procurement and construction management assistance services for an upgrade project at the group's 200,000 b/cd Mongstad refinery, north of Bergen, Norway.

The engineering contract is valued at €8.7 million, an amount set to increase with the addition of the procurement and construction supervision work.

The contract will be finalized this month, and the project will start Feb. 1.

Statoil has yet to make the final decision whether to execute the full project this year, pending approval from the Norwegian authorities. If approval is granted, the engineering portion of the project is slated for completion by April 2007, and the refinery upgrade is scheduled for completion in late 2008.

The project also includes a new combined heat and power plant and a new gas pipeline from the Kollsnes to Mongstad. The Energy Integration project will substantially improve the energy efficiency of the Mongstad complex, Statoil said.

Related Articles

Buckeye to buy Corpus Christi terminal interest in $860 million deal

09/02/2014 Buckeye Partners LP has agreed to acquire 80% interest in a company that it will jointly own with Trafigura AG for $860 million. The transaction is...

Dominion heads 1.5-bcfd Atlantic Coast gas pipeline joint venture

09/02/2014 Dominion, Duke Energy, Piedmont Natural Gas, and AGL Resources have formed a joint venture to build and own the proposed 1.5-bcfd Atlantic Coast Pi...

Pembina signs $650 million deal to buy Vantage line, associated assets

09/02/2014 Pembina Pipeline Corp., Calgary, has agreed to acquire the Vantage pipeline system and Mistral Midstream Inc.’s interest in the Saskatchewan ethane...

Crude oil pipeline growth, revenues surge; construction costs mount

09/01/2014 US pipeline operators continued to expand their systems rapidly in 2013. Investment in oil pipeline carrier property surged last year, rising rough...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected