Aker Kvaerner Awarded Contract for Statoil's Gjøa Field

Aker Kvaerner has been awarded a contract for front end engineering design of the floating production unit for Statoil's Gjøa project in the North Sea west of Florø. The field development will be based on a semi-submersible production facility for 380 meters waterdepth. The NOK 60 million engineering work will be performed by Aker Kvaerner Engineering & Technology in Oslo.

The engineering work will start immediately and continue through September 2006. Approximately 100 engineers will be working on the study at peak manning.

"We are very enthused by winning the front-end design work for the Gjøa platform. In the world market for oil & gas contractors, Gjøa is considered a strategically important project for Aker Kvaerner underpinning our position as a leading supplier of floating production platforms. This is once again a recognition of our competence and experience within this field, following our successful delivery of the Kristin semi-submersible to Statoil," says executive vice president Simen Lieungh in Aker Kvaerner.

The objective with the front end engineering is to provide the best possible basis for the owners' sanction process, develop all technical documentation for the plan for development and operation (PDO) application to the authorities. The work will also form the technical basis for subsequent engineering, procurement and construction type contracts for the semi-submersible platform.

The Gjøa reservoir was proven in 1989 in the Fensfjord formation and contains gas with a relatively thin oil zone. Gjøa is operated by Statoil in the development phase and Gaz de France in the operation phase. Statoil has a 20 percent ownership in the field. The other owners are Gaz de France (30 percent), Petoro (30 percent) and Norske Shell (12 percent) and RWE Dea Norge (8 percent).

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Posted 02/02/06

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