Technip was awarded by Statoil a contract, valued above Ä150million, for the major Asgard Subsea Compression project located in the Norwegian Sea, 40 kilometers East of the Asgard field, at a water depth of 340 meters. The contract covers the installation of the subsea compression system and its connection to the existing subsea infrastructure and the Asgard platform.
The contract includes: fabrication, installation and tie-in of pipeline spools including protection covers, installation of power cables and umbilicals. It also comprises options for the following works: engineering, fabrication and supply of a special handling system (SHS) for the installation and retrieval of the subsea compression system modules, initial installation of the subsea compression system modules.
Technipís operating centers in Oslo and Stavanger, Norway will execute the contract. Offshore construction will take place in 2013 and 2014. The contract also includes options for the IMR stand-by vessel until 2018.