FMC awards Grenland Group three LOIs for work in the Barents Sea, North Sea

Source: Grenland Group

Grenland Group has received three Letters of Intent for a total of NOK 220 million (US $39 million) from FMC Technologies (NYSE: FTI) Kongsberg operation. 

Manufacture of equipment to support the Ormen Lange Project 

Grenland Group, as a supplier to FMC Technologies, has received a Letter of Intent to manufacture and deliver one 8-slot Manifold and one Foundation Base Structure to FMC Technologies for the Ormen Lange development. Total weight for the delivered structures will be about 1075 tons. 

The work will mainly be performed at Grenland Group’s site in Tønsberg, a site that has previously delivered a significant number of large subsea structures to FMC Technologies. Anticipated contract value for Grenland Group will be approximately NOK 140 million. Deliveries are scheduled to commence in the second quarter of 2011, with final deliveries occurring in the first quarter of 2012. 

Located in the Norwegian Sea, the Ormen Lange gas field is a completely subsea development with a pipeline connecting production to an onshore plant.

Statoil fast-track projects 

Grenland Group, as a supplier to FMC Technologies, has received two Letters of Intent to support FMC’s recent awards for Statoil (NYSE: STO) fast-track projects in the North Sea. Grenland Group will deliver two Integrated Template Structures and two Manifolds. Total weight for the delivered structures will be about 700 tons. 

The work will mainly be performed at Grenland Group’s site in Tønsberg, a site that has previously delivered a significant number of large subsea structures to FMC Technologies. Anticipated contract value for Grenland Group will be approximately NOK 80 million. Deliveries are scheduled to commence in the third quarter of 2011.



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