Kvaerner Secures Letter of Inteny For Kristin Project

Thursday, February 07, 2002
Kvaerner has received a Letter of Intent to provide equipment for ten subsea wells, production controls, and support structures for the Kristin field operated by Statoil, on the Norwegian shelf. The order, which is to be awarded to Kvaerner Oilfield Products, will be worth in excess of $110 million, and will involve the supply of equipment from Kvaerner companies in the USA, the UK, and Norway. "This letter of intent confirms our successful development of sophisticated subsea well equipment - designed to withstand the high pressures and temperatures found in deep and complex reservoirs", commented Bjorn Klepsvik, President of Kvaerner Oilfield Products Group, the specialist subsea subsidiary. The scope for the project includes the delivery of wellheads, valve-trees and subsea production control systems for ten wells. Four, 4-slot wellhead templates are also included. The high-pressure components for the valve-trees are to be provided by Kvaerner Oilfield Products in Houston, the control systems are to be built by Kvaerner in Aberdeen, Scotland, and the Company will assemble the wells at its Tranby site outside Oslo, Norway. The templates will be built at Kvaerner's yard in Egersund, Norway, where integration testing of the wellhead equipment will also be undertaken.

The contract is expected to be formalised within the next few weeks, and production will start at the Kristin field on October 1, 2005. Hydrocarbons produced from the Kristin wells will be processed on a semi-submersible floating production platform. The contract for engineering, procurement and construction of the topsides for this platform was recently awarded to Aker Maritime, which is expected to merge with Kvaerner's Oil & Gas business area by the middle of March, 2002.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1214 sec (8 req/sec)