North Sea cash flows into Aker

The Aker Stord subsidiary of the Aker Maritime group has been awarded a contract to build a new gas platform for Statoil’s Kristin development in the Norwegian Sea.

Worth roughly NOK 5 billion ($560 million), the contract covers the design and procurement of the semi-submersible platform hull as well as the topsides, including the utilities, process and riser modules and the flare boom.

Aker Stord will also fabricate the utilities and process modules as well as hooking up the whole topsides. The west Norwegian yard is also responsible for the mating topsides and hull.

Engineering will begin in mid-January, with construction work set to start in January 2003. Plans call for the platform to commence regular production on 1 October 2005.

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