Statoil calls on Framo for Gullfaks subsea compression

Statoil has awarded Framo Engineering a contract to design and construct the Gullfaks subsea gas compression facility.

Offshore staff

BERGEN, Norway –Statoil has awarded Framo Engineering a contract to design and construct the Gullfaks subsea gas compression facility. The estimated NOK 900-million ($155.6-million) contract runs until November 2015.

Statoil said contracts for platform modifications and marine operations connected to Gullfaks will be awarded later this year if the investment decision is favorable.

“There are large remaining volumes in the Gullfaks field – volumes that cannot be recovered with the existing concept and installation. Subsea compression is one of our main initiatives to enhance production from existing fields on the Norwegian continental shelf. This may increase the production from the field by 3 bcm (106 bcf) of gas, enabling Gullfaks to sustain plateau production for gas export,” says Jannicke Nilsson, Statoil’s head of operations North Sea West.

4/13/2012

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