Kvaerner Awarded Gullfaks Project by Statoil

A contract valued at approximately NOK 380 million to boost gas treatment capacity on Statoil's Gullfaks A platform in the North Sea has been awarded to Kvaerner Oil & Gas. Placed by the Gullfaks satellites phase II project, this job will boost daily gas exports by roughly four million cubic meters from October 1, 2003.

Design work begins immediately after the contract is signed, with offshore modifications due to start around the beginning of 2002 and continue to the autumn of 2003.

The phase II project is developing gas reserves in the Gullfaks South and Rimfaks satellites, which will be produced via Gullfaks A and C. Committed gas deliveries from the project are due to begin in October, with roughly 10 million cubic meters per day flowing from Gullfaks C. This volume is due to increase to 17 million cubic meters from 2003, and some four million cubic meters of this total will pass via the A platform.