Stolt Offshore Awarded Hydro Export Pipeline Contract

Stolt Offshore has been awarded a contract valued at approximately $50 million by Hydro Oil and Energy for the installation of an export pipeline from the Njord FPU to the Asgard transportation pipeline.

The contract is for the installation of 40 kilometers of twelve inch diameter pipe together with the design, fabrication and installation of associated structures, trenching, rock dumping and the tie-in of the pipeline. Engineering work for this project has now started. The installation work will take place in 2006 and 2007.

This award follows the Langeled and Ormen Lange pipeline contracts previously awarded to Stolt Offshore.

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Posted 29/04/05

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