Marubein Itochu Steel Lands Kristin Contract

A contract worth more than NOK 100 million for pipeline steel has been awarded to Japan's Marubeni Itochu Steel by Statoil on behalf of the Kristin licensees. Due to be made in the autumn of 2003, this delivery will be used for flowlines carrying wellstreams from subsea installations to the floating platform on the Norwegian Sea field.

Marubeni Itochu Steel is a trading house which represents steel manufacturer Kawasaki Steel. The contract for construction of the platform hull is expected to be awarded later in August, while the flare boom and riser module will probably be awarded in October. It will also be clear in October who will get the contract for preparing and carrying out the installation of the subsea systems and export line. Kristin will produce gas and condensate (light oil) from 12 wells in four clusters tied back to a floater via six flowlines. Total line length will be just under 40 kilometers. Plans call for the field to come on stream in the autumn of 2005, with Kristin set to deliver about 35 billion cubic meters of gas up to 2016. Production of condensate and natural gas liquids over this period is estimated at 220 million barrels and 8.5 million tons respectively.


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