Aker Kvaerner gets Morvin subsea contract

Offshore staff

MAIDENHEAD, Berkshire -- StatoilHydro has contracted Aker Kvaerner for the engineering, procurement, and construction (EPC) of a subsea production system for the Morvin field in the Norwegian Sea. Aker Kvaerner says the contract is worth approximately NOK 1 billion ($181 million).

StatoilHydro says the Morvin contract is an addition to the scope identified in the frame agreement signed by Aker Kvaerner and StatoilHydro in September.

"Being awarded this contract underlines the strategic technology leadership position we have jointly developed over the past decades," says Raymond Carlsen, executive vice president of Aker Kvaerner Subsea. "For this project, the expertise and technology we have developed for handling fields with challenges related to high pressure and high temperature (HPHT) is particularly important,"

The subsea production system for the Morvin field will consist of two four-slot manifolds, three horizontal subsea trees, production control system, steel tube umbilicals, tie-in system, and intervention tools. The technology is designed to handle pressures up to 15,000 psi (1,034 megapascals) and temperatures as high as 170°F (77°C).

11/30/2007