Fabricom Secures Alvheim FPSO Job (Norway)
- Business & Finance
Fabricom AS, a GDF SUEZ Energy Services company, has secured a contract by Marathon Oil Norge AS for provision of maintenance and modification services for the company’s Alvheim floating production, storage and offloading (FPSO) operations.
Under the agreement, Fabricom will provide engineering studies as well as Engineering, Procurement, Construction and Commissioning (EPCIC) modifications and maintenance support. The contract is valid for four years with the option to be extended by two periods of one year. The contract value is expected to amount to 500 million kroner (USD 89.2 million) depending on activity level.
“We are very proud to be chosen by Marathon Oil Norge to undertake this challenging work”, says Stanley Maas, CEO of Fabricom AS. “This contract award supports our ambition to be a leading provider of maintenance and modification services on the Norwegian continental shelf”, Maas adds.
January 21, 2013