Statoil signs frame agreement with MAN Diesel & Turbo

Offshore staff

ZURICH, Switzerland – Statoil (OSE:STL; NYSE:STO) has signed a frame agreement with MAN Diesel & Turbo for the supply of turbomachinery equipment and services for five years with extension options.

Statoil and MAN have pursued jointly a subsea compressor qualification program starting in 2005, and Aker Solutions awarded MAN a contract to build the world’s first subsea compressors for gas production at the Asgard project.


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