Kongsberg Maritime Engineering Pens Gina Krog FSO Supply Deal

Kongsberg Maritime Engineering (KME) has signed a contract with Gina Krog LLC, a subsidiary of Teekay Shipping AS, for supply of an Integrated Control and Safety System (ICSS) and Power package to the Gina Krog FSO (Floating Storage and Offloading) unit, to be delivered to the Statoil operated Gina Krog field on the Norwegian continental shelf, North Sea.

Teekay recently entered an agreement with Statoil to provide the FSO for the Gina Krog field. The $220 million conversion project is expected to be completed in the first quarter of 2017, before the newly converted FSO unit will commence operations under a time-charter contract to Statoil.

With delivery due to start Q2 2014, KME’s project scope includes design, engineering, manufacturing, testing and supply of all materials, equipment, accessories and tools required for the complete ICSS, Medium Voltage Switchboard, Low Voltage Switchboard (440VAC / 230VAC), thruster transformers, thruster drives, thruster motors and 230VAC distribution, for installation and operation on the FSO.

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Press Release, May 13, 2014, Image: KME