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Statoil names Technip to marine operations at Åsgard

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STAVANGER, Norway – Statoil has awarded Technip a NOK 1.2 billion ($212 million) contract for marine operations on the Åsgard seabed compression project in the Norwegian Sea.

The contract includes the installation of control and power umbilicals, structures, diverless tie-ins, and connection to existing subsea infrastructure. The marine operations on the Åsgard field will be carried out in the course of 2013 and 2014.

Partners on the Åsgard field: Petoro AS (35.69%), Statoil (operator, 34.57%), Eni Norge AS (14.82%), Total E&P Norge AS (7.68%) and ExxonMobil Development Norway (7.24%).

2/22/2012

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