Statoil awards contracts NOK 1.6 billion

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Statoil awards contracts NOK 1.6 billion

Statoil awarding contracts for Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog

The contracts awarded on behalf of the licence partners include marine operations, marine construction, engineering, procurement and construction (EPC) of an unmanned wellhead platform as well as modifications at the Oseberg Field Centre.

The contracts have a combined value of approximately NOK 1.6 billion.

“We are very pleased to be able to award these contracts now to suppliers that all have a good track record for Statoil,” says Torger Rød, senior vice president for project development in Statoil.

Statoil submitted the plan for development and operation (PDO) of Oseberg Vestflanken 2 just before Christmas, and the contract awards are subject to government approval of the PDO.

The field development will provide 110 million barrels of oil equivalent and will be profitable even in a low oil price scenario.

Technip Norway A/S has been awarded contracts for pipe laying at Johan Sverdrup and Oseberg Vestflanken 2. The combined contract value is approximately NOK 400 million.
Ocean Installer has been awarded contracts for marine construction and installation at Oseberg Vestflanken 2, Johan Sverdrup and Gina Krog. The combined contract value is approximately NOK 200 million.

Hereema Fabrication Group has been awarded the contract for engineering, procurement and construction (EPC) of the unmanned wellhead platform at Oseberg Vestflanken 2. Hereema Marine Construction will be responsible for transport and installation of the platform. The combined contract value is approximately NOK 800 million.

Aibel has been awarded the contract for engineering, procurement, construction and installation (EPCI) on the Oseberg Field Centre, to prepare the platform for receiving the well stream from Oseberg Vestflanken 2. This contract has a value of approximately NOK 200 million.The Oseberg Vestflanken 2 development will consist of an unmanned wellhead platform with 10 well slots. Two existing subsea wells will also be reused. The well stream will be routed to the Oseberg Field Centre via a new pipeline, and the wells will be remote-controlled from the Field Centre. Wellhead platforms with no facilities, helicopter deck or lifeboats represent a new solution in Norway, but it has been thoroughly tested in other areas, such as the Danish and Dutch continental shelves.
Late last year FMC was awarded a contract for delivering two subsea trees for the existing subsea template to be included at Oseberg Vestflanken 2. This contract value is approximately NOK 120 million plus options.

Source: www.statoil.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.