By OGJ editors
HOUSTON, Oct. 15 -- Statoil ASA has awarded a contract valued at just under 300 million kroner to Dragados Offshore SA, Madrid, to build the riser balcony and flare boom for Kristin field's floating production platform.
Statoil, Kristin field operator, placed the order on behalf of the licensees for the Norwegian Sea field development.
The riser balcony weighs about 4,300 tonnes and includes piping systems and steel structures, while the flare boom weighs 270 tonnes and is 105 m long.
The completed structures are due to be shipped in March 2004 from the Dragados yard in Cadiz to Aker Stord, north of Stavanger for hookup with the rest of the topsides, said Nina Udnes Tronstad, operations vice-president for Kristin.
The floater is being designed with the capacity to produce 126,000 bbl of condensate and slightly more than 18 million cu m of rich gas from 12 subsea Kristin wells. It is scheduled to become operational Oct. 1, 2005.
Kristin field will deliver 35 billion cu m of gas until 2016. Its output of condensate and natural gas liquids is estimated at 220 million bbl and 8.5 million tonnes, respectively.
Total investment in the Kristin development is estimated at 17 billion kroner.
