Statoil awards $167.5 million contract for FSO vessel

- The storage vessel will be upgraded for extended operation of the Njord and Hyme fields in the Norwegian Sea

Statoil awarded a contract to Aibel, on behalf of the Njord license, to upgrade the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea at a cost of around $167.5 million on Thursday.

The storage vessel will be prepared for extended operation of the Njord and Hyme fields, as well as a tie-in of two new field developments in the Norwegian Sea, Bauge and Fenja.

The job involves extensive upgrading and maintenance of the vessel, in addition to installation of equipment on board for reducing emissions to air.

Aibel will start the work immediately, and the storage vessel is expected to arrive at the Haugesund yard early in July 2018. At peak, the project will engage around 600 people.

"We are pleased to award Aibel this contract today. After several good deliveries, Aibel has proven that the company has both the expertise and ability to handle these type of complex projects," the head of project development at Statoil Torger Rod said.

Njord is an oil and gas field in the Norwegian Sea. The field development consisted of a floating steel platform with a drilling and processing facility, Njord A, and a FSO vessel, Njord Bravo.

Hyme is an oil field located 19 kilometers northeast of Njord and consists of a subsea installation that is tied in to the Njord A platform.

By Murat Temizer

Anadolu Agency

energy@aa.com.tr