Scandoil.com

IKM Gruppen handed $80M Gjoa


Published Feb 5, 2008
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Gjoa Gjøa Gjoea illustration

StatoilHydro, Gaz de France and partners in the Gjoa field have hired Norwegian offshore engineering outfit IKM Gruppen to a NOK445 million ($82 million) contract in support of the North Sea platform.

Five companies had bid for the lucrative five-year contract, which the field’s future operator, Gaz de France, has yet to sign.

Under the contract, 55 sub-contractors will be hired into operations staffs onshore and offshore. Gaz de France and IKM Gruppen in Stavanger will put together the teams.

Gaz de France and Norwegian state entity Petoro are the Gjøa licence’s biggest stakeholders with 30 percent. StatoilHydro, with 20 percent, hands off to the Paris-based operator when production of the field’s 82 million barrels of oil and 40 billion cubic meters of gas starts up in 2010.

Royal Dutch Shell, with 12 percent, and RWE Dea fill out the partnership.

From blocks 35/9 and 36/7, Gjoa gas will move by the U.K. FLAGS pipeline to the St. Fergus terminal in Scotland.

Tags: Gaz de France, IKM Gruppen, RWE Dea, StatoilHydro




   

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