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

People & Company News

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Contracts

Haven Marine Signs Service Contract with Svitzer

Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Offshore

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

Energy

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Strike Idles 38 Oil Tankers at Fos-Lavera

Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day,

Höegh LNG Turns to Profit in 1Q

Höegh LNG returned to profit following a Profit after tax of USD 6.3 million for the first quarter of 2016, up from USD 4.0 million net loss in the fourth quarter 2015.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Ship Simulators 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: 0.1076 sec (9 req/sec)