Statoil, Partners Award NOK6.1 Billion Dagny Platform Contract
02/18/2013| 03:43am US/Eastern
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By Dominic Chopping
Norwegian oil and gas major Statoil ASA (>> Statoil ASA) said Monday that with its partners Total S.A. (>> TOTAL S.A.) and Det Norske Oljeselskap ASA (>> Det Norske Oljeselskap ASA) have awarded Daewoo Shipbuilding & Marine Engineering Co. Ltd (>> Daewoo Shipbuilding & Marine Engineering) a NOK6.1 billion contract to build the topsides for the Dagny platform, with Aker Solutions ASA (AKSO.OS) as a major sub-contractor.
MAIN FACTS:
-Daewoo Shipbuilding & Marine Engineering [DSME] has been assigned to design and construct the topsides for the Dagny platform in the North Sea.
-Aker Solutions in Stavanger and Oslo, Norway and Kuala Lumpur, Malaysia, will be close partners in the detailed engineering services and offshore hook-up and commissioning.
-The contract comprises detailed design, procurement, engineering services, construction, hook-up and commissioning. The assignment will begin immediately and will be completed in the first quarter of 2017.
-The contract award is subject to approval of the project by the Norwegian authorities, expected in the first half of 2013.
-At the end of 2012 Statoil and its partners in the Dagny field submitted a plan for development and operation (>> Pyramid Oil Company) to Norway's Ministry of Petroleum and Energy. Investments in the Dagny development are estimated at NOK31 billion.
-The contract for pipelaying has been given to Allseas.
-Based on design studies performed by various Norwegian and international suppliers, the contracts for a floating storage and offloading unit (FSO), marine operations and tie-ins will be awarded in the course of this spring.
-Aker Solutions has also been awarded the contract for tie-in modifications on Sleipner which will receive gas from the Dagny field. The contract for building the living quarters will be awarded by DSME.
-At 0825 GMT shares traded 0.2% lower at NOK143.30.
-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics
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