Statoil Awards Kristin Contract to Dragados

Spain's Dragados Offshore yard has been awarded a contract worth just under NOK 300 million to build the riser balcony and flare boom for Statoil's floating Kristin production platform. This order has been placed by the group on behalf of the licensees for the Norwegian Sea development. "Dragados was selected on the basis of a broad assessment," says Nina Udnes Tronstad, operations vice president for Kristin. "We concentrated our attention on health, environmental and safety aspects as well as quality, price and deliverability."

The riser balcony weighs about 4,300 tons and comprises piping systems and steel structures, while the flare boom weighs 270 tons and is 105 meters long. The completed structures are due to be shipped in March 2004 from the Dragados yard in Cadiz to Aker Stord north of Stavanger for hook-up with the rest of the topsides, Ms. Tronstad reports.

With the capacity to produce 126,000 barrels of condensate and just over 18 million cubic meters of rich gas from 12 subsea wells, the floater is due to become operational on October 1, 2005. Total investment in the Kristin development is estimated at NOK 17 billion.

The field will yield some 35 billion cubic meters of gas up to 2016, while its output of condensate and natural gas liquids is put at 220 million barrels and 8.5 million tons respectively.


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