Statoil awards Technip LOI for world's largest Spar hull

Aasta Hansteen SPARJULY 12, 2012 — Statoil has awarded Technip a letter of intent for construction of the hull for the world's largest Spar platform on the Aasta Hansteen field in approximately 1,300 meters (4,250 feet) of water depth.

The project will be led by Technip in a consortium with Hyundai Heavy Industries (HHI).

With a total hull length of 195 meters, the Aasta Hansteen platform will be the world's largest Spar platform and the first of its kind on the Norwegian continental shelf (NCS).

Total recoverable reserves for Aasta Hansteen, previously called Luva, are preliminarily estimated at about 47 billion standard cubic metres (scm) of gas and 0.8 billion scm of condensate.

"The hull contract is an important first construction step for the Aasta Hansteen field development," says Ivar Aasheim, Statoil's senior vice president for field development on the NCS.

Technip says the contract covers the engineering, procurement, construction and transportation of the Spar hull, the mooring systems as well as the design of the steel catenary risers.

This award follows the successful execution by Technip of the front-end engineering and design of this project.  The Aasta Hansteen Spar hull will be the sixteenth to be executed by Technip (out of nineteen worldwide).

Technip's operating center in Houston, Texas, will be responsible for project management and engineering while HHI will be responsible for fabrication. Technip's office in Oslo, Norway, will be responsible for the marine operations to be performed prior to deck mating on the West coast of Norway in the summer of 2015.

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