Kristin M&M Work Goes to Norway
Statoil
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.
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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