October 3, 2007 / 1:21 PM / 11 years ago

StatoilHydro picks Saipem for N.Sea pipeline jobs

OSLO, Oct 3 (Reuters) - Norwegian energy group StatoilHydro STL.OL has awarded offshore contractor Saipem (SPMI.MI) a contract for the installation of oil and gas export pipelines from the North Sea’s Gjoea field.

Financial details of the contracts were not published.

“Saipem will lay a total of 185 kilometres (115 miles) of pipeline for the transport of oil and gas from the Gjoea and Vega fields,” StatoilHydro said in a statement on Wednesday.

The contract includes a 28-inch gas pipeline that will be 130 km long and run from Gjoea to Britain’s Flags trunkline, which carries gas towards St. Fergus in Scotland.

A separate 16-inch oil pipeline will run from Gjoea to the Troll II pipeline and be 55 kilometres long.

Oil will be piped through the Troll II pipeline to the StatoilHydro-operated refinery in Mongstad, north of Bergen.

“Saipem plans to mobilise the Castoro Sei pipe-laying vessel in April 2009 to lay the pipeline from Gjøa. With an average speed of around four kilometres per day, the work is set to take around two months,” StatoilHydro said.

Gaz de France will take over as production operator of Gjoea with a 30 percent interest after the field is brought on stream. StatoilHydro has a 20 percents stake and is the development phase operator. Norway’s state-owned Petoro has 30 percent interest, Royal Dutch Shell (RDSa.L) 12 percent and RWE Dea (RWEG.DE) 8 percent.

Gjoea’s reserves are estimated at 82 million barrels of oil and condensate and 40 billion cubic metres of gas.

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