18 February 2013

Nigeria: Statoil Awards U.S.$1.1 Billion Contract to Firms

Statoil has initiated a sum of $1.1billion contract to Aker Solutions to supply detailed engineering services and also Korean firm Daewoo Shipbuilding & Marine Engineering to build the topsides for the platform in the North Sea of Statoil's Dagny.

According to the company, Aker's operations in Stavanger and Oslo, Norway, as well as Kuala Lumpur, Malaysia will work with Daewoo and Statoil on detailed engineering services and offshore hook-up and commissioning. The hook-up is scheduled to take place in 2016.

Also speaking, Statoil Chief Procurement, Jon Arnt Jacobsen said, "We feel confident that the supplier we have chosen for the main contract can deliver on time, cost and quality.

"They will work with a solid engineering team from Aker Solutions. We note that there are several alliances between different international players in the bids we receive now, when both Norwegian and international suppliers are main contractors."

The Dagny field is estimated to hold recoverable reserves of some 225 million barrels of oil equivalent. The total investment in the development is expected to be $5.6 billion. Maersk Drilling was awarded the contract for production drilling on Dagny in 2012, while last month Heerema Vlissingen was contracted to build the platform's jacket.

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