Kongsberg & Offshore Installation Group Ink Deal

press release
Monday, October 24, 2011

Major new project increases safety and reduces risk of flow line installation.

Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG). The patented CRIS design simplifies the subsea installation process, enabling a reduction in installation time and risk, which translates to significant cost savings. The CRIS is a sophisticated new product that will address the risk, safety and cost factors of offshore installations as production moves to deeper waters, further offshore. KOGT will develop, build, deliver to OIG and install the system as a complete ‘package’ on a dedicated installation vessel, which will be built and supplied by OIG.

With the CRIS, the installation tower and relevant tensioner clamps on a vessel are replaced by a reel that uses the capstan principle to ensure controlled installation. This significantly reduces the risk of damaging the riser, ensuring simpler, faster and safer product installation, without the need to work at great height. It also allows for simpler vessel architecture and the possibility to design multi-purpose installation vessels.
Kongsberg Oil & Gas Technologies is an international technology enterprise that delivers innovative and reliable technical solutions to the oil and gas industry. Headquartered in Sandvika, the company has production, sales and support facilities located in six different countries.

Kongsberg Oil & Gas Technologies delivers innovative and technological subsea products and systems through EPC projects. The company also has a series of IT solutions for drilling operations, production, reservoirs and subsea risers and flowlines. Its solutions optimise oil and gas operations through computer control, simulation, integration and analytical tools, as well as through engineering projects and consultancy services, all of which improve operational and financial value. KOGT’s parent company, KONGSBERG (OSE ticker: KOG), is an international, knowledge-based group that delivers high-technology systems and solutions to customers in the oil and gas industry, the merchant marine, and the defence and aerospace industries. In 2010, the Group had operating revenues of NOK 15.5 billion, and it currently has some 6300 co-workers in more than 25 countries.

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