North Sea Compression Services Contract for Technip
Ranking among the largest developments on the Norwegian continental shelf, the Asgard field lies on the Halten Bank in the Norwegian Sea, about 200 kilometers off Norway. The Asgard subsea compression facility is the world’s first project of its kind, involving placement of compressors closer to the well in order to boost recovery rate of oil at the reservoir.
Technip’s operating center in Stavanger, Norway, will manage the contract. Starting in 2015, after the completion of the initial installation of the subsea compression modules, it will be carried out within mid-2018. The award is a call-off of options under the Asgard Subsea Compression Marine Operations contract.
Amongst the most advanced construction vessels ever built, the North Sea Giant will be committed on a full time charter to Statoil under this contract. The vessel will come complete with onboard Special Handling System (SHS), a purpose-built system for installation and recovery of heavy subsea compression modules (up to 400 Tons) in adverse sea states (wave height: Hs 4.5m).
Technip explain that the awarded project corresponds to an extension of both the dedicated vessel and equipment, developed under the current Asgard Subsea Compression Marine Operations contract. The new contract will also cover the use of this vessel for other Inspection, Maintenance and Repair
(IMR) and construction work, whether for the Asgard field or for other licenses in Statoil’s portfolio on the Norwegian continental shelf.