Statoil Awards ABB $36 Million Contract

ABB has won a US$ 36 million, five-year contract with Statoil for the maintenance and modification of a gas treatment plant in Norway and platforms in the North Sea.

"This is an important win for us," said Gorm Gundersen, executive vice-president and head of ABB's oil, gas and petrochemicals division. "We've been working hard to get closer to our customers, understand their businesses better and offer them the best technology for improving efficiency."

The contract includes maintenance work, design engineering, construction and installation. The work will largely be done at Karsto gas treatment plant, north of Stavanger, and at the Draupner platforms in the North Sea. ABB has had similar contracts for Karsto and Draupner for the past five years. "Our strong performance on the previous contracts certainly helped us with the latest order," said Gundersen.

"Long-term agreements like these are a staple of our business," added Gundersen. "They indicate that our partners are pleased with the technologies we are developing and are a testament to our ability to implement long-term strategies with our customers."

The contract includes the option for three two-year extensions.