StatoilHydro lets Aasgard subsea equipment contract

July 18, 2008
StatoilHydro has contracted FMC Technologies, Inc. to manufacture and supply subsea equipment for its Aasgard oil and gas development in the Norwegian Sea.

Uchenna Izundu
International Editor

LONDON, July 17 -- StatoilHydro has contracted FMC Technologies, Inc. to manufacture and supply subsea equipment for its Aasgard oil and gas development in the Norwegian Sea.

The companies signed the $45 million contract under which FMC will provide four horizontal subsea trees, wellhead systems and extended tubing hangers, flow control modules, multiphase flow meters, and permanent guide bases. The equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland operations with deliveries expected to start this summer.

"We have manufactured more than 50 trees that have been deployed at the Asgard field and are also in the process of supplying subsea gas compression control systems for the Asgard development," said Tore Halvorsen, FMC's senior vice-president of global subsea production systems.

Aasgard is on the Halten Bank, about 200 km off mid-Norway and 50 km south of Heidrun. It is one of the biggest developments on the Norwegian continental shelf producing 200,000 b/d via 57 wells and 17 templates tied together by 300 km of in-field flowlines.

Contact Uchenna Izundu at [email protected].