SMOE to build platform on Ivar Aasen
Det norske oljeselskap ASA, as operator of the Ivar Aasen field, has
awarded a contract for the topside on the Ivar Aasen field to SMOE in
Singapore. The contract is worth approximately NOK four billion.
Partners in the Ivar Aasen field are Statoil and Bayerngas.
CEO Erik Haugane says that this award represents a milestone in the Ivar
Aasen development project:
- This is a major contract that is significant to both the Ivar
Aasen development as well as Det norske as a company. The award of this
contract confirms that the project progresses as planned. We are pleased
to have entered into cooperation with a solid contractual partner who
can deliver according to plan with regard to both price and schedule.
The contract with SMOE entails the provision of engineering, procurement
and construction. The platform will be installed at a water depth of 112
meters in the North Sea. The Ivar Aasen project is situated west of the
Johan Sverdrup field on the Norwegian Continental Shelf, 180 km west of
Stavanger. The field contains approximately 150 million barrels of oil
SMOE is a subsidiary of Sembcorp Marine. SMOE has a proven track record
of more than 30 years in the construction of offshore fixed platforms,
floating production systems, specialized modules and modularization of
onshore LNG plants for a worldwide clientele. SMOE will be working with
the engineering partner Wood Group Mustang in the execution of the
The platform deck is 13,700 tonnes, and is integrated with a 70 men
living quarters module cum helideck. The facilities include process, gas
compression, separation, water injection, flare boom and metering.
Construction is expected to commence in December 2013 and sail away is
scheduled for March 2016. First oil from the Ivar Aasen field is
expected in the fourth quarter of 2016.
Erik Haugane, CEO, tel.: +47 907 21 655
Knut Evensen, VP Investor Relations, tel.: +47 950 77 622
About Det norske:
Det norske oljeselskap ASA (DETNOR) specialize in extracting petroleum
resources on the Norwegian Continental Shelf (NCS). We are an ambitious
company with significant exploration activity. Recently we have taken
part in some major discoveries, Johan Sverdrup being the single most
important. During the first quarter of 2013 we will start producing our
first own oil from Jette - the company's first development as operator.
Det norske has recently submitted Plan for Development and Operation
(PDO) for the Ivar Aasen field to the authorities.
Det norske has its headquarter located in Trondheim, and offices in Oslo
and Harstad. As of today we are more than 200 employees. Det norske is
listed on the Oslo Stock Exchange with the ticker "DETNOR".
More about Det norske at www.