EMC wins Grane contract
| Source: Norsk Hydro
EMC will use its installation vessel "Castoro Sei". The pipelines will be installed during summer/fall 2002.
Previously Hydro has awarded these contracts for the Grane development:
April 27, 2000 Heerema Marine Contractors Nedeland B.V. was awarded the contract for marine installations worth NOK 120 million
May 16, 2000 Kvaerner Oil and Gas was awarded the contract for the Grane production module, valued at approximately NOK 3.5 billion
September 5, 2000, Safe Service AS was awarded a NOK 200 million contract for flotel rental during the hook-up phase
October 11, 2000, Aker Maritime was awarded the contract for the the drilling module. Contract value about NOK 1 billion
October 31, 2000, Aker Verdal got a NOK 670 million contract for the the steel jacket for the Grane platform
December 12, 2000, Veidekke ASA and Murphy Pipelines Ltd. got an EPCI landpipe contract worth about NOK 140 million
January 24, 2001, Europipe GmbH and Mitsui & Co. Norway AS were each awarded contracts worth NOK 275 millions for delivery of line pipe for the 217 km long export pipeline.
March 2, 2001, Hydro awarded Kvaerner Oil and Gas the contract to build the power generation module and living quarters. The contract has an estimated value of about NOK 500 million (USD 56 million).
The Grane field, which is located some 185 kilometres west of Stavanger, Norway, will be developed with an integrated accommodations, process and drilling platform mounted on a steel jacket. Combined total investments are estimated at NOK 15 billion (USD 1.7 billion).
The Grane field, which has an estimated 700 million barrels of recoverable oil, is expected to reach a maximum output of 214,000 barrels per day in 2005. The oil will be transported by pipeline to the Sture terminal north-west of Bergen, Norway.
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