Multiconsult has been awarded contract with Statoil ASA for Northern Lights – Site preparation and Marine structures

Statoil ASA has awarded Multiconsult ASA the contract for Northern Lights – Site preparation and Marine structures. The value of the contract is approximately NOK 24 million for Multiconsult ASA and work will begin immediately.

The Norwegian Government has stated that a Carbon Capture and Storage (CCS) demonstration project shall stimulate necessary development of CCS so that the Norwegian and the EU long-term climate targets can be reached at a lowest possible cost.

A full-scale CCS value chain with capture from up to three industrial sources, ship transport and permanent geological storage has been developed as a response to this ambition. Gassnova is the project integrator for the total CCS value chain, and awarded in June 2017 the concept and FEED studies for the storage part to Statoil. Statoil has named this project “Northern Lights”. Shell and Total entered the project as partners in September 2017.

Multiconsult will perform the site preparation design and marine structures design for the Northern Lights Onshore Facility Terminal. The Scope of Services include Concept, FEED, Detailed engineering and follow up phases.

Completion date for the contract is in 2021, however most of Multiconsult ASA’s work will be executed in 2018 and 2019.

The contract award is subject to standstill period, which expires on 13 November 2017.

 

For further information, please contact:

    Investor relations:
    Mirza Koristovic, Head of Investor Relations
    Phone: +47 93 87 05 25
    E-mail: ir@multiconsult.no

    Media:

    Gaute Christensen, VP Communications
    Phone: +47 911 70 188
    E-mail: gaute.christensen@multiconsult.no

 
ABOUT MULTICONSULT
Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 500 employees and 45 offices in Norway and abroad. The Company focuses on six business areas: Buildings & Properties, Transport, Renewable Energy, Oil & Gas, Industry and Water & Environment. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908.

About Us

Multiconsult is one of the leading firms of consulting engineers and designers in Norway. The company delivers multidisciplinary consulting and design, project engineering and management, verification, inspection and supervision – to customers in Norway and abroad, focusing on the following sectors: buildings & properties, industry, oil & gas, transportation & infrastructure, energy, environment & natural resources. Visit www.multiconsultgroup.com for more information.

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