Statoil Teams Up With Japanese Steel Company

Statoil ASA awarded a 100 million kroner contract to Japan's Marubeni-Itochu Steel Inc. for pipeline steel for the continued development of Kristin field in the Norwegian Sea. Marubeni-Itochu, a trading house, represents steel maker Kawasaki Steel Corp.

The steel pipe, which is slated for delivery in fall of 2003, will be used for flowlines carrying well streams from subsea installations to a floating platform on the Norwegian Sea field. Kristin field will produce gas and condensate from 12 wells in 4 complexes that will be tied back to a floating platform via 6 flowlines. The system will consist of slightly less than 40 km of pipeline.

Statoil is expected to award the contract for construction of the platform hull later this month, while contracts for the flare boom and riser module will likely be let in October, the company said. "It will also be clear in October who will get the contract for preparing and carrying out the installation of the subsea systems and export line," Statoil stated.

Kristin field, which will deliver 35 billion cu m of gas until 2016, is expected to come on stream in fall 2005.

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&to=http://www.statoil.com' target=_blank>STATOIL

&to=http://www.kawasaki-steel.co.jp/index_e.html' target=_blank>Kawasaki Steel Corp