Technip was awarded two subsea contracts under the Diving Frame Contract with Statoil, for the Asgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million. The Asgard contract includes deep water testing of the PRS remote hot-tap equipment, preparations works, installation of protection structures and the first remote retrofit tee hot-tap operation ever performed. The water depth on the Asgard field is up to approximately 300 meters. The work will be executed in 2012.
The Gudrun & Valemon contract includes installation and tie-in of spools and power cable and also a Morgrip midline tie-in, all performed by divers. The water depth on the fields is approximately 140 meters. The work will be executed in 2013 and 2014. The contracts will be executed by Technip’s operating center in Stavanger and Haugesund, Norway.