Gjoa topsides awarded

A letter of intent has been awarded by Statoil to Aker Kvaerner for fabrication and mating of topsides for the Gjoa, North Sea, semisubmersible platform.

Offshore staff

STAVANGER, Norway -- A letter of intent has been awarded by Statoil to Aker Kvaerner for fabrication and mating of topsides for the Gjoa, North Sea, semisubmersible platform.

A final contract for detail engineering, procurement, construction, and assembly of the topsides, plus mating to the platform hull is expected by the end of October.

The Gjoa production topsides is to be 110 m long by 85 m wide and weigh about 20,000 metric tons. The hull weight is to be 14,200 metric tons.

The Statoil project team also is expected soon to let contracts for the drilling rig, subsea production facilities, living quarters, cables, flexible risers, and pipeline steel and installation.

Gas will be piped through Britain's Flags sysgtem to St. Fergus, Scotland, and oil will go to the Mongstad terminal via the Troll II pipeline.

Statoil is developing Gjoa and Gaz de France will take over as production operator when the field is onstream. Gaz de France and Petoro each hold 30% of the license, Statoil has 20%, Shell 12%, and RWE Dea 8%.

9/29/06

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