Statoil awards subsea production systems contract

Statoil has signed a $79-million agreement with FMC Technologies, Inc. for eight subsea trees, manifolds, production controls, and associated systems for two Norne field satellites in the Norwegian North Sea. The Norne field is located approximately 125 mi (200 km) off the Norwegian coast in 1,250 ft (380 m) of water.

May 12th, 2004

Statoil has signed a $79-million agreement with FMC Technologies, Inc. for eight subsea trees, manifolds, production controls, and associated systems for two Norne field satellites in the Norwegian North Sea. The Norne field is located approximately 125 mi (200 km) off the Norwegian coast in 1,250 ft (380 m) of water. An additional contract will include technical services related to installation and startup.

The production systems will be built for Statoil's Stær and Svale projects, which will be tied back to Statoil's Norne production vessel. Production is scheduled to begin by late 2005.

"We are pleased to be chosen by Statoil to supply the subsea systems for the Norne satellites project," said Peter D. Kinnear, executive vice president - FMC Technologies. "This reflects our extensive experience as a subsea solutions provider in the North Sea as well as the strength of our relationship with Statoil."

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05-12-04

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