Norway: Aibel Wins Major Ekofisk Deal by ConocoPhillips

April 4, 2011

ConocoPhillips has recently awarded Aibel several contracts for modification work at the Ekofisk field. The value of the contracts is approximately NOK 280 million.

Aibel is carrying out modifications on several of the platforms at the Ekofisk field in order to hook up a new wellhead platform (2/4-Z) in 2013.

Aibel is also hooking up the bridges between the Ekofisk complex and the new wellhead platform, and a new living quarter (2/4-L). In addition, a contract for upgrading of the flare system on the existing platform (2/4-J) has also been awarded.

The projects will be managed from Aibel’s main office in Stavanger, and the fabrication will be done at the yard in Haugesund.

The work includes project management, engineering, procurement, construction and installation. It starts immediately, and finishes at the end of 2013.

‘Approximately 200 employees in Aibel will be engaged in the work,’ says President and CEO in Aibel AS, Jan Skogseth.

In 2009 Aibel signed an agreement with ConocoPhillips (Norway Capital Projects) for larger modification work in the Ekofisk Area. Todays’ awarded contracts are part of this agreement.

Ekofisk is an oil field in the Norwegian sector of the North Sea about 200 miles (320 km) southwest of Stavanger. Discovered in 1969, it remains one of the most important oil fields in the North Sea

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

The company`s over 4000 employees in Norway and abroad are engaged onshore and offshore. With 8 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.