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Flexible riser contracts awarded

July 12, 2007, 15:00 CEST

Statoil has sent a letter of intent to the Danish supplier NKT Flexibles for the engineering, procurement and construction of flexible risers for the North Sea Gjøa and Visund projects.

The value of the contracts are in the order of NOK 500 million for Gjøa and NOK 135 million for Visund. In addition, there will be options for further deliveries to other projects.

The contracts comprise a total of seven flexible risers for the Gjøa platform and three for the Visund platform for delivery in April/May 2009.

The risers for Gjøa are between 690 and 730 metres long and have an internal diameter of between 14 and 16 inches. The risers for Visund are between 970 and 1,120 metres long with an internal diameter of six inches.

"The awarding of these contracts is a breakthrough for NKT as a risers supplier to Statoil," says Svein Dretvik, who heads Gjøa subsea development.

Prior to the awarding of the contracts, Statoil has carried out a coordinated evaluation assessing the company's total need for riser deliveries for 2009 and 2010. This evaluation has been necessary in a limited supplier market.