Statoil Awards Two Mikkel Contracts

Statoil has awarded two contracts worth a total of NOK 122 million for work on the Mikkel gas and condensate field in the Norwegian Sea. Halliburton will carry out trenching for the laying of control cables, glycol lines and an 18-inch gas transport pipeline. The contract, which is the result of an option that Statoil has exercised, is worth around NOK 37 million. Boskalis Offshore has been awarded the contract for gravel dumping along the same route. This work is worth about NOK 85 million and will be carried out in 2002 and 2003.

Project manager Hans Kristiansen reports that there is now only one contract outstanding for the Mikkel project. To be awarded this spring, it covers the testing of the subsea equipment. This assignment will be worth up to NOK 20 million.

Mikkel is being developed with a seabed production system and a pipeline for the transport of gas from the Midgard structure 35 kilometers further north. The well flow from Midgard will be piped to the Asgard B platform. Plans call for the Mikkel field to come on stream on October 1, 2003.

The licensees in the field are Statoil, ExxonMobil, Norsk Hydro and Agip.

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