Kvaerner contract to the upgrading of the Kollsnes onshore gas facility

17 September 2020 | Kvaerner has signed an agreement with Wood Norge for deliveries related to the upgrade of Gassco`s  gas treatment and export facility at Kollsnes at the Norwegian west coast. As a subcontract to Wood Norge, Kvaerner will primarily provide construction for new units to increase parts of the plant’s capacity to process gas. Kvaerner’s contract is worth approximately NOK 200 million, with some options for additional scope.

Kvaerner’s main scope will be fabrication and installation of a new fourth processing train for processing of the MEG (monoethylene glycol) which arrives with the gas from the Troll reservoir and other offshore fields through subsea pipelines to shore.  

The fabrication and module assembly work will take place at Kvaerner’s facility at Stord from late summer of 2021. At Stord the module will be completed and tested to the extent possible before it is shipped to Kollsnes for installation during second half of 2022.  

Kvaerner’s project team will work integrated with Wood’s teams based in Sandefjord, Norway and other locations.

“Kvaerner has been a key contractor to numerous onshore process facilities, including the initial development of the Kollsnes plant in the 1990s and later modifications. We will use this expertise for the execution of this new assignment. This is also yet an example of how an onshore industry project can be more effectively executed by prefabricating large units at one of our yards before shipping a completed module, compared to stick-building the same unit at a site with more limited facilities and more extensive use of a temporary site crew. We believe there are several more opportunities for onshore projects which we can pursue”, says Sturla Magnus, Kvaerner’s executive vice president for the Process and Structures business segment.  

For further information, please contact:

Media and investor enquiries:

Torbjørn Andersen, Vice President IR & Communications, Kvaerner, Mob: +47 928 85 542, email: torbjorn.andersen@kvaerner.com

About Kvaerner
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore installations around the world. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 800 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects. In 2018, Kvaerner's Field Development segment had consolidated annual revenues of NOK 7.3 billion and the company reported an order backlog at 30 June 2019 of NOK 9 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com. To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/subscribe