Offshore staff

STAVANGER, Norway --BP as operator for Skarv has awarded VetcoGray a contract for the subsea production system and has awarded the Offshore Division of Samsung Heavy Industries a contract for the topsides.

The subsea production system contract, valued at $265 million, covers detailed design, project management, and supply of subsea production equipment plus installation and commissioning support. Also included is an operational support and associated services contract.

The $350-million topside fabrication and installation contract for the FPSO includes six modules of 2,500 metric tons (2,756 tons) each and the flaretower which will be mounted on the FPSO. Construction is expected to begin in Dec. 2008 and the completed FPSO is scheduled to leave South Korea at the end of 2010.

Participants in Skarv are BP as operator with 23.8350%; Statoil with 34.1100%; Shell with 28.08255; ExxonMobil with 11.9175%, and Hydro with 2.0550%.

07/13/2007