Statoil: Troll Redevelopment Contract Awarded

Monday, September 19, 2011
Hans Jakob Hegge, Statoil senior vice president for operations North Sea east. (Photo courtesy www.Statoil.com)

Statoil has awarded Aibel a contract for modules and modifications for two new pre-compressors on the Troll A platform in the North Sea. The contract is worth an estimated NOK 2.7 billon.

Statoil and its partners in the Troll licence on the Norwegian continental shelf (NCS) decided last week to invest NOK 11 billion in two new compressors on Troll A.The two new compressors will enable Statoil to produce gas even faster and accelerate production at the Troll field by allowing for production with reduced wellhead pressure. The compressors will enable the production of gas from the field all the way until 2063.
“A third of all gas capacity on the NCS is produced on Troll A, making Troll the cornerstone of gas supplies to the continent. The investment decision which forms the basis for this contract award is an important contribution to improving the recovery rate and lifetime extension at the Troll field and for the total value creation from oil and gas activities on the NCS,” says Hans Jakob Hegge, Statoil senior vice president for operations North Sea east. Statoil has chosen Aibel as the key supplier for the engineering, procurement, onshore construction and integrated offshore construction and completion (EPCIc) for upgrading of Troll A pre-compression capacity. The estimated contract value is NOK 2.7 billion.

“We see an increasing need for large modification projects to prolong lifetime extension on fields,” says Statoil’s senior vice president for projects Anders Opedal. This large modification project has been met with great interest by the supplier industry and is an exciting opportunity for both the key supplier and sub-suppliers. We are looking forward to working together with Aibel in the further development of Troll. The company submitted the best bid of the pre-qualified suppliers. We expect a high HSE focus, smart project execution and emphasis on technical solution optimisation.”

Aibel will build and install the third and fourth compressors on the Troll A platform based on previous FEED studies. The work will start immediately, with offshore installation taking place from 2012 until completion in the beginning of 2015.The two new compressors form the final phase of the planned capacity expansion on Troll A as a gas producer. Troll has a production capacity and expected lifetime that far exceeds those of the other NCS fields. The new compressors also pave the way for the tie-in of gas from Troll West once oil production has come to an end. The two compressors will come on stream in 2015, and will enable Troll A to produce 120 million cubic metres per day up until 2018, ensuring the ability to produce 30 billion cubic metres annually until 2024. The contract for the associated electric drive system for the compressors will be awarded in the near future.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NORDEN’s Dry Cargo Head Bonderup Resigns

Ejner Bonderup, Executive Vice President and member of the Executive Management in Dampskibsselskabet NORDEN A/S, has resigned from his position to take up a position in another shipping company.

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Contracts

Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC,

Ingalls to Build US Warship LH8

Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8.

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Offshore

US Oil Drillers Add Rigs for 4th Week in 5

U.S. drillers this week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the

Norsafe Secures Contract with VARD Group

Norsafe informs it has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of 15 new vessels.    Topaz Energy

India’s Potential in Offshore Wind Power

The Global Wind Energy Council (GWEC) launched a new report: “Supply Chain, Port Infrastructure and Logistics Study” for offshore wind development in the states of Gujarat and Tamil Nadu in India.

Energy

US Oil Drillers Add Rigs for 4th Week in 5

U.S. drillers this week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the

First Alaskan North Slope Cude Export Planned for Nicaragua

Alaskan North Slope (ANS) crude will be shipped to Nicaragua for the first time in July, two trade sources said on Friday, underscoring a shift in oil flows to and from the U.

India's Iran Oil Imports Surge in June

India's Iran oil imports rose about 39 percent in June year on year, preliminary data obtained by Reuters shows.   In the first half of 2016 India's Iran oil

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1002 sec (10 req/sec)