Statoil scouts supplier network in Norway’s far north

Offshore staff

STAVANGER, Norway – Statoil and its partners are looking for suppliers in northern Norway to serve their Aasta Hansteen field development in the Norwegian Sea.

Petro Arctic, the region’s largest supplier network, is undertaking a feasibility study under which it will identify potential suppliers to support all project phases through to operations.

For the development phase the study will examine issues such as capacity, certifications, skills, existing and new alliances, hall capacity for welding and mechanical work, quay and base availability.

During the concept selection Statoil estimated development investments in the field at around NOK 34 billion ($5.99 billion).

The company plans to issue contracts for topsides, the hull for the spar FPSO, subsea production systems, power cables and umbilicals, tubing design, marine operations and drilling. For the main contractors the supplier lists drawn up by the feasibility study will assist in selection of local sub-suppliers.

Aasta Hansteen, formerly known as Luva, is a gas discovery in 1,300 m (4,265 ft) of water in the Vøring area, 300 km (186 mi) offshore. The nearest production installation is the Norne FPSO, 140 km (87 mi) away, while the nearest onshore gas reception plant at Nyhamna is 480 km (298 mi) distant.

The field has estimated recoverable reserves of 47 bcm of dry gas, with a low CO2 content. It is expected to start up at the end of 2016.

Partners are Statoil (75%), Exxon Mobil (15%) and ConocoPhillips (10%).

3/27/2012

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