STAVANGER, Norway –Ocean Installer AS has awarded GE Oil & Gas a contract to supply subsea tie-in connection systems that will support the development of the Gina Krog and Eirin gas fields in the Norwegian North Sea. The contract is valued at 100 million NOK (US$16.7 million) and includes hardware and offshore installations, with an additional 30 million NOK (US$5.1 million) in options.
The Gina Krog field is located 30 km (19 mi) northwest of theSleipner A installation and approximately 250 km (155 mi) southwest of Stavanger, Norway. The Eirin gas and condensate field is located 9 km (6 mi) northwest of Gina Krog. The fields are among Statoil's major new developments with an estimated 225 million barrels of oil and gas.
GE will provide equipment to connect the Sleipner A installation with a new Gina Krog production platform and floating storage unit after they are built. The contract option consists of connections to the nearby Eirin field. GE will start to deliver its equipment to Ocean Installer in the fourth quarter of 2014, with commercial operation of the equipment scheduled for the third quarter of 2016.