Contractors Unlimited

Statoil Plan Turnarounds on Several Oil and Gas Fields in 2010

Statoil logo Statoil is planning to carry out turnarounds on several oil and gas fields in 2010. Most of them will take place in August and September.

Turnarounds are needed to be able to carry out required maintenance and inspections in order to maintain safe and efficient operations.

An important purpose of the turnarounds is to make platforms and installations more robust in order to improve safety and production regularity and extend their life.

Statoil also aims to make improvements to expand the interval between the turnarounds.

The work is carried out in a limited period of time, which sets high requirements on planning and work preparations by Statoil and the supplier.

Extensive Effort

The planned replacement of a large heat exchanger on the Snøhvit LNG plant on the island of Melkøya in northern Norway has been postponed from the summer of 2010 to the second quarter of 2011.

A minor turnaround of a much shorter duration will be carried out on Melkøya in the third quarter of 2010.

The turnarounds' impact on Statoil's production volume has been taken into consideration in the guiding presented at Statoil's strategy update on 11 February 2010.

Increasing Production

In addition to improving the installations' robustness a number of the actions included in this year's turnarounds are in line with Statoil's objective of improved recovery of the resources in mature fields.

Even if the turnarounds lead to production stop and income loss in the periods affected, they contribute to increased production and earnings in the longer term.

Turnarounds are to be carried out on the following installations: Sleipner A, B and T - Snorre A and B - Troll A, B and C - Kvitebjørn - Norne - Åsgard B - Kristin - Njord - Heidrun.

Statoil is an international energy company with operations in 40 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, and committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil are headquartered in Norway with 30,000 employees worldwide, and are listed on the New York and Oslo stock exchanges.

Published 23/04/2010

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