New Ormen Lange Contract to Saipem UK

Hydro has awarded an NOK 120 million contract to Saipem UK Limited for template installation on the Ormen Lange Southern Field Development.

Hydro has awarded the contract on behalf of the Ormen Lange licensees for the installation of one eight-slot template of approximately 1,150 tonnes. The installation will take place in the second quarter of 2009 at a water depth of approximately 900 meters, with tight installation tolerances.

Hydro is the operator for the Ormen Lange project during the development phase. Saipem is familiar with the challenging conditions on the Ormen Lange field through former pipeline installation work.

The Ormen Lange Southern Field Development consists of one template, two flow lines, one umbilical and one MEG line tied back to the existing Template A location.

In addition, the contract includes an option for heavy-lift operations for the Troll Future Development.

License holders in Ormen Lange:

Norsk Hydro Produksjon AS - 18.0728%
Petoro AS - 36.4750%
A/S Norske Shell- 17.0375%
Statoil ASA - 10.8441%
DONG Norge AS - 10.3420%
ExxonMobil Exploration and Production Norway as - 7.2286%

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Posted 03/07/07

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