Grenland to replace Åsgard swivel stack

Statoil has issued a letter of intent to Grenland Group for modification work on the Åsgard field FPSO in the Norwegian Sea.

Pennwell web 136 58

Offshore staff


OSLO -- Statoil has issued a letter of intent to Grenland Group for modification work on the Åsgard field FPSO in the Norwegian Sea. The vessel produces and offloads oil and exports gas to the Åsgard C platform.

Grenland’s scope of work involves replacing the swivel stack for the oil and gas transfer process.

The contract value is estimated at around NOK 110 million ($17 million). Work starts immediately, and the project is due for completion during 2011.

Pennwell web 136 58

06/03/2010

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