MAN & Statoil Sign Turbo-machinery Agreements

Press Release
Monday, April 22, 2013

MAN Diesel & Turbo, Switzerland, signs to provide Norway's Statoil with new subsea compressor equipment & maintenance services.

The Zurich-based MAN Diesel & Turbo Schweiz AG and Statoil have followed a joint subsea compressor qualification programme since 2005. In early 2011 Aker Solutions ASA, Statoil’s main contractor for the Asgard subsea project, awarded a contract to MAN to build the world's first subsea compressors for gas production on the sea floor.

"The currently signed framework agreement is another milestone in our partnership with Statoil," said Dr. Uwe Lauber, CEO of MAN Diesel & Turbo Schweiz AG and Head of the Oil & Gas Business Unit. "The previous joint development of subsea compression technology was built on trust and mutual respect. The fact that Statoil selected us again in consideration for further projects and services is an achievement, we can be proud of. "

With this new agreement in place, MAN Diesel & Turbo say it is continuing to fulfil its aspirations to serve the global oil and gas industry with individual compressor systems and services.

The duration of the Framework Agreement was set for five years with options to prolong the contracts.



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