Kristin M&M Work Goes to Norway

Kristin, Norwegian Sea
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Integrated modifications and maintenance (M&M) work on Statoil's Kristin field is to be carried out by Norway's Aker Reinertsen under a contract worth some NOK 80 million, including options.

Statoil has awarded this job on the Norwegian Sea development by exercising an option in an existing M&M contract for the Halten/Nordland area of Norway's continental shelf.

Placed in 2002, the latter deal runs until the spring of 2007 and includes three options for two-year extensions.

The Kristin part of this contract represents an estimated 75,000 hours per year, and will come into effect when the field begins production on October 1, 2005.

Integrating M&M work for Halten/Nordland offers Statoil substantial gains, and these are expected to increase from the inclusion of Kristin in the area deal.

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