ABB has won an order worth more than $60m from Hyundai Heavy Industries to provide power and automation technologies for an offshore production platform off the northern coast of Norway.
The Goliat oil and gas field is being developed and operated by Eni Norway. A floating production storage and offloading vessel (FPSO), which is currently under construction in South Korea, will be equipped with a complete package of electrical, automation, instrumentation and telecommunications products and systems from ABB.
‘As one of the most important recent developments on the Norwegian continental shelf, the Goliat project will have access to the most modern technology available, as well as ABB’s long experience in oil and gas operations in the region,’ said Veli-Matti Reinikkala, head of ABB’s Process Automation division.
Goliat is scheduled to start producing oil in 2013. Gas from the field will be reinjected into the oil and gas reservoirs to improve recovery rates or transported to the Snøhvit liquefied natural gas plant. The Goliat field is expected to be in production for 15 to 20 years.
In a separate development, ABB has announced it is acquiring the semiconductor business of Polovodiče in the Czech Republic. The additional production capacity for high-power semiconductors will help ABB to cope with the expected rising demand fuelled by growth in renewable energy and efforts to improve energy efficiency.