Statoil awards maintenance, modification contracts

May 8, 2002
Statoil ASA awarded contracts worth $330 million to ABB Group for maintenance and modification work on six oil and natural gas platforms in the North Sea and at the Kollsnes gas plant near Bergen, Norway.

By OGJ editors
HOUSTON, May 8 -- Statoil ASA awarded contracts worth $330 million to ABB Group for maintenance and modification work on six oil and natural gas platforms in the North Sea and at the Kollsnes gas plant near Bergen, Norway.

The 5-year platform contract is for Troll A, four Sleipner platforms, and Veslefrikk. Initial stages of the agreement also include Huldra and Kvitebjørn platforms. The contract has options for three 2-year extensions and covers project management, engineering, procurement, fabrication, and installation work.

ABB said the work is expected to be completed in the third quarter. For 7 years, ABB has held the maintenance and modification contract for the Troll-Sleipner complex and the Kollsnes plant.

"Most of the maintenance and modification work on the Norwegian continental shelf is regulated through long-term agreements like these," said Gorm Gundersen, ABB executive vice-president and head of the oil, gas, and petrochemicals division.