Stolt Offshore Inks $135M Shell Deal

Tuesday, July 24, 2001
Norwegian offshore contractor Stolt Offshore was awarded a $135 million contract from Shell Petroleum Development Company in Nigeria for pipelay work. The contract, which has been awarded to a consortium of Stolt Offshore and DSNL, a subsidiary of the Adamac group of companies in Nigeria, is valued at $135 million to Stolt Offshore," it said in a statement. The contract for the pipelay is associated with the development of the Shell Offshore Gas Gathering System, which involves the the installation of two pipelines to link to the Bonga OGGS Riser Platform. A trunkline to connect to the Bonny Island Liquid Natural Gas plant will also be installed, it said. Pipelay operations will start in the third quarter of 2002. The Adamac group will construct the onshore receiving facilities as well as providing pipe coating, storage and loading services from their base in Port Harcourt, it said. - (Reuters)

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