Statoil taps Grenland for Asgard FPSO modification work in the Norwegian Sea

Source: Grenland Group

Grenland Group has received a letter of intent from Statoil for modification work at Asgard A.

Grenland Group is to accomplish a complete offshore replacement of the existing swivel stack. The swivel stack transfers all kinds of services between the vessel and its subsea installations, including the oil and gas production.

The Asgard field is central in the Norwegian Sea. The Asgard A FPSO produces and load oil, and exports gas to the Asgard C.

Anticipated contract value for Grenland Group is close to US $17 million (NOK 110 million), and the project is planned for completion within 2011.

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