As operator of the Ivar Aasen development, Det norske has today entered into an agreement with Aibel regarding hook-up and commissioning of the Ivar Aasen platform. The parties have also signed a Letter of Intent regarding MMO (maintenance, modification and operational support) services for Ivar Aasen. The total value of the contracts is approximately NOK 660 million.
The contract is divided into several phases, and the work is scheduled to commence immediately. In order to ensure a flexible hook-up, Aibel will cooperate closely with SMOE, the company responsible for the construction of the topside. Topside engineering is carried out in London, whereas the construction site is in Singapore. Hook-up planning and preparations are scheduled to commence in May 2015. The offshore hook-up will start during the summer of 2016.
Aibel’s management and administration is located in Haugesund, which also will be the site of both planning and prefabrication. The peak manpower of the contract will be approximately 300 persons, and the value of the hook-up and commissioning contract is around NOK 390 million.
Sr. VP Projects, Bård Atle Hovd, is pleased,
– We are pleased with the choice of Aibel as the contractor. We are looking forward to a good collaboration in the years to come.
Jan Skogseth, President of Aibel, is very pleased with the award,
– This signifies that Det norske acknowledges our competence as a contractor, also with regard to activities other than maintenance and modification services.
Letter of Intent
A Letter of Intent for MMO services was also signed today. The duration of the agreement is six years, with two options to extend the contract with two more years each.
The Ivar Aasen field is Det norske’s first major development project as operator. The development comprises the resources in three discoveries; Ivar Aasen, Hanz , and West Cable. The field contains approximately 150 million barrels of oil equivalents. First oil is expected late 2016.
Det norske is the operator of Ivar Aasen with an ownership interest of 35 percent. Partners are Statoil (50 percent) and Bayerngas (15 percent).
About Aibel: “Aibel AS is a leading supplier of services related to oil, gas and renewable energy. The company has close to 6 000 employees in Norway and abroad, working on fields and facilities, both on and offshore. Aibel has eight offices in Norway. The company also has activities in Thailand, Singapore, Great Britain, Denmark and Egypt”.
Read more about Aibel at www.aibel.com.