Statoil Exercises Options on Alpha North Satellite Work
Options have been exercised by Statoil in a contract with Aker Kvaerner for modification work in connection with the tie-back of the Alpha North satellite field to the Sleipner A and T platforms in the North Sea. The total value of the options is just over NOK 200 million.
In 2001 Statoil signed a contract with Kværner Oil & Gas for modifications on the Sleipner T platform on the Sleipner West field linked to low pressure production and pre-compression. This contract contained two options for the Alpha North tie-back.
The work involves connecting up the pipeline between the satellite field and Sleipner T, and control systems between the satellite and Sleipner A. Sleipner West Alpha North is due to deliver condensate and gas from 1 October 2004 via an 18-kilometre pipeline tied back to the Sleipner T gas treatment platform. Condensate will be piped through the existing line to the Karsto treatment complex north of Stavanger, while the lean gas will enter the distribution network for gas from the Sleipner area.