ABB Wins Karsto Expansion Contract from Statoil

A contract worth just over NOK 120 million covering electrical, instrumentation and telecommunications work has been awarded to ABB Offshore Systems by Statoil on behalf of Gassco as operator for Gassled.

The job relates to the expansion of the Karsto processing complex north of Stavanger. Plans call for the work to begin in January as part of the Karsto expansion project (KEP2005), and continue until the summer of 2005.

KEP2005 will equip the complex to accept and process rich gas from Statoil's Kristin development in the Norwegian Sea. Ethane capacity is also being increased by more than 50 percent.

Estimated at NOK 5.74 billion, the project is due to be completed by the time Kristin begins contractual gas deliveries on October 1, 2005.

The Gassled partnership is financing the bulk of the investment in the development, with Etanor DA funding that part which relates to the ethane plant.

As technical service provider for the Karsto complex, Statoil is executing KEP2005 on behalf of Gassco. The group also operates Etanor.

Partners in Gassled are Petoro, with 38.3 percent, Statoil 20.4 percent, Norsk Hydro 11.1 percent, Total nine percent, Esso 5.2 percent, Shell 4.7 percent, Mobil 4.6 percent, Norsea Gas three percent, ConocoPhillips two percent, Agip 0.9 percent and Eni 0.8 percent.

Partners in Etanor are Petoro 62.7 percent, Statoil 16.4 percent, Hydro 12.2 percent, Shell five percent, Mobil two percent and ConocoPhillips 1.7 percent.