Hydro awards Ormen Lange southern flowlines

Hydro has awarded Allseas a NOK 200-million ($37-million) contract to install two 16-in (40.6 cm) flowlines for the Southern Field Development Project.

Sep 28th, 2007

Offshore staff

STAVANGER, Norway –Hydro has awarded Allseas a NOK 200-million ($37-million) contract to install two 16-in (40.6 cm) flowlines for the Southern Field Development Project.

Installation is scheduled for 2Q 2009 in 900 m (2,953 ft) water depth.

Hydro is the development operator. License holders are Norsk Hydro Produksjon AS – 18.0728%, Petoro AS – 36.4750%, A/S Norske Shell – 17.0375%, Statoil ASA – 10.8441%, DONG Norge AS – 10.3420%, and ExxonMobil Exploration and Production Norway as – 7.2286%.

09/28/2007

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