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Snøhvit contract approved

February 12, 2003, 17:30 CET

The other licensees in Statoil’s Snøhvit development have today, 12 February, unanimously approved the recommendation to give Dragados Offshore the job of building the process facilities.

Worth NOK 1.45 billion, this contract calls for the Spanish yard to build the barge-mounted gas liquefaction plant for the Barents Sea project.

Statoil has found nothing to suggest that it should reverse its decision or postpone the award of the contract.

The Snøhvit field is due to come on stream in 2006.