Norway: Grenland Group Receives LOI on Katla Project from FMC Technologies at Kongsberg

Grenland Group is contracted to deliver one integrated template structure and one manifold for FMC Technologies at Kongsberg. The total weight for the delivered structures will be approximately 350 tonnes.

FMC Technologies recently signed an agreement with Statoil for the delivery of subsea production systems to the Katla field. Katla is an offshore oil and gas field located in water depths of approximately 950 feet (290 meters) in the Norwegian sector of the North Sea.

The work will mainly be performed at Grenland Group’s site in Tønsberg, a site that has previously delivered a significant number of rather large subsea structures to FMC Technologies. Anticipated contract value for Grenland Group will be around MNOK 40 (Approximately USD $7 million). Planned construction start is December this year, and the delivery of the system is planned in Q3 /2011.

Grenland Group is a leading supplier of engineering, procurement and fabrication to the global offshore oil and gas industry and to the landbased process industry. The group employs around 1050 people and has businesses in 10 locations in Norway with main activities in Vestfold, Telemark and Rogaland. The group is also operating in China. Grenland Group had a turnover of near 1.5 Bill NOK in 2009.

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Source: Grenland Group, November  15, 2010;