By OGJ editors
HOUSTON, Oct. 21 -- Following an internal review of its entire Snøhvit LNG scheme, Statoil ASA has announced that it will reorganize that project's management, "with the objective of securing better follow-up of costs and progress," it said.
"The Snøhvit project is Statoil's largest and most complex development project," said Statoil Pres. and CEO Olav Fjell, adding that Statoil remained "deeply committed" to seeing the project through to completion.
"The review shows that a reinforcement of the project's management and organization is required," the company said.
Oversight of the project will be transferred from Statoil's Norwegian exploration and production unit to Inge K. Hansen, the company's chief financial officer and executive vice-president. "The project will also intensify follow-up of the Linde Group, which is the main contractor for the gas liquefaction plant at Melkøya in Finnmark county (OGJ Online, July 24, 2002)."
