Scandoil.com

AF Gruppen wins $36M court ruling


Published Mar 30, 2009
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Man found dead at Ormen Lange land facility-Spotlight

A court in Oslo has ruled that oilfield engineering outfit Aibel must pay North Sea construction and demoliton outfit AF Gruppen 240 million kroner ($35.6 million) for work performed on Shell’s giant Ormen Lange gas development.

A conflict is understood to have brewed up over construction at the offshore project’s land-based plant near the tiny community of Aukra in western Norway. The Oslo District Court judge decided the amount at the weekend, but an appeal declared within 60 days is possible. AF Gruppen said it had expected the favourable ruling.

Scandoil’s calls for comment failed to get Oslo-based Aibel on the phone. The company is owned by institutional investors.

In unrelated news, Aibel this week won a 60-million-kroner ($8.9 million) order to do the fron-end engineering for the topsides, living quarters and the jacket changes that’ll connect the Gudrud platform to the Sigrun field 55 kilometres from the Sleipner field in the North Sea off Norway.

Gudrun is being built in anticipation of plugging it into area satellites.

Shares in AF Gruppen were up over four percent on the ruling.

Tags: AF Gruppen, Aibel




   

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