Trade Resources Market View Aibel Has Been Awarded The Contract for The Hook-up of The Ivar Aasen Platform

Aibel Has Been Awarded The Contract for The Hook-up of The Ivar Aasen Platform

Today Aibel has been awarded the contract for the hook-up of the Ivar Aasen platform. In addition, Det norske, as operator for the Ivar Aasen development, intends to award Aibel the contract for maintenance and modification tasks and operational support for Ivar Aasen. The combined value is approx. NOK 660 million.

The Ivar Aasen platform is currently under construction at SMOE in Singapore and will be installed at the field in 2016.

"We are very satisfied with this contract. For us it means that Det norske recognizes our expertise as a supplier, also with regard to services beyond maintenance and modification," says Jan Skogseth, President and CEO of Aibel.

Connection activitiesThe contract is divided into several stages, where work starts immediately at the EPC supplier (engineering, procurement and construction). This will continue for around a year and a half, primarily in Singapore and London. In May 2015 planning and preparation for hook-up at the field will commence. The actual offshore hook-up will start in the summer of 2016.

Management, administration, planning and prefabrication will take place in Haugesund. At the most, the contract will be staffed by around 300 people in all. The contract is worth about NOK 390 million.

Letter of intentAt the same time that Aibel today won the hook-up contract, it is the intent of Det norske to award Aibel a contract for maintenance and modification tasks, as well as operational support for Ivar Aasen. This contract will have a duration of 6 years, with two option periods of two years each. The contract is worth about NOK 270 million.

Aibel is a leading service company within the oil and gas industry and is established in renewable energy.

The company`s around 6,000 employees in Norway and abroad are engaged onshore and offshore. With eight locations in Norway, the company is located near the customers. In addition to operations in Norway, Aibel is also located in Thailand, Singapore, United Kingdom, Denmark and Egypt.

Source: http://www.youroilandgasnews.com/news_item.php?newsID=96740
Contribute Copyright Policy
Aibel Awarded Contract by Det Norske
Topics: Metallurgy