Aker Kværner to provide Gjøa umbilicals

Statoil has contracted Aker Kværner to manufacture and supply steel tube umbilical control cables for the Gjøa field in the North Sea.

Offshore staff

OSLO, Norway -- Statoil has contracted Aker Kværner to manufacture and supply steel tube umbilical control cables for the Gjøa field in the North Sea. The contract is worth approximately NOK 260 million.

Aker Kværner will deliver about 16 km (10 mi) of dynamic and static umbilicals to Statoil. The umbilicals will be manufactured and delivered out of Aker Kværner Subsea's facility in Moss, Norway.

The umbilicals will connect the Gjøa semisubmersible platform - currently being built by Aker Kværner - to the Gjøa field's subsea production system. Additionally, one umbilical will connect the Gjøa field to the nearby Vega field. Aker Kværner Subsea is also supplying all of the steel tube umbilicals for Vega.

"This contract strengthens our position as the world's leading producer of steel tube umbilicals," says Svein Haug, senior vice president, Umbilical &Riser, Aker Kværner Subsea. "The umbilical solution for the Gjøa field is challenging, and this contract demonstrates that our advanced technology and expertise is highly valued by leading operators such as Statoil."

Work on the umbilicals will begin immediately. Delivery is scheduled for May 2009.

The Gjøa field was discovered in 1989. It is a combined oil and gas field off the west coast of Norway. Statoil operates the field development phase. Production is expected in 2010.

9/24/2007

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