Aker Kvaerner wins Statoil contract

Aker Kvaerner has been awarded a contract for front end engineering design of the floating production unit for Statoil’s Gjøa project in the North Sea west of Florø.

The field development will be based on a semi-submersible production facility to operate in waters 380 metres deep. Aker Kvaerner Engineering & Technology, a provider of engineering and construction services, will perform the NOK 60 million engineering work in Oslo.

The engineering work will start immediately and continue through September 2006. Approximately 100 engineers will be working on the study at peak manning. The work will form the technical basis for subsequent engineering, procurement and construction type contracts for the semi-submersible platform.

The Gjøa reservoir was proven in 1989 in the Fensfjord formation and contains gas with a relatively thin oil zone. Gjøa is operated by Statoil in the development phase and Gaz de France in the operation phase.