Eni Norge Awards FEED Contracts to Aker and Sevan

Eni Norge AS, the operator of the Goliat license (PL229), has signed a Letter of Intent (LOI) with Sevan Marine ASA (Sevan) and Aker Engineering and Technology AS (Aker) for a Goliat FPSO Design Competition FEED. The FEED contracts are based on previous development studies by Sevan and Aker for Goliat in 2007 and 2008.

During this Design Competition, both Aker and Sevan will further mature their proposed FPSO concepts for the selected Goliat development solution.

The Design Competition will be completed by early autumn 2008, and Eni and the Goliat partners will use the following period to evaluate and select the final platform solution. It is estimated that this decision will be announced in 4th quarter 2008.

The licensees in production license 229/229B are Eni Norge AS (operator) with 65%, StatoilHydro ASA with 20% and Noil Energy ASA with 15%.

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