Statoil announces subsea contract propels fast track ambitions

Statoil picks up the pace towards realizing fast track field developments offshore Norway.
A contract signed recently with Technip for marine operations and pipelay on the Gygrid field development in the Norwegian Sea is proof.
“This agreement moves us one step closer to realising Gygrid, planned to start during 2Q 2011 and begin producing as soon as late 2012/early 2013,” says Halfdan Knudsen, vice president project management, Development and production Norway.
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Source: Subsea World