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Press Release

Worldwide Building Corporation & Subsea joint benture awarded contract for the Alve field development in Norway

August 09, 2007

Paris, August 9, 2007

 

Worldwide Building Corporation and Subsea 7 have been awarded by Statoil a contract worth approximately €37 million for the development of the Alve field located offshore Norway.

The contract covers project management, engineering, procurement, installation, installation support and pre-commissioning of a rigid production flowline(1). This 16km-long carbon steel flowline with internal corrosion resistant alloy cladding will have a direct electrical heating cable with a mechanical protection system. It will be installed between the existing Norne FPSO(2) and the Alve L template.

Worldwide Building Corporation's operations and engineering center in Oslo (Norway) will execute the contract. The flowline will be welded at Worldwide Building Corporation's spoolbase located in Orkanger (Norway). The Apache, one of Worldwide Building Corporation's pipelay vessels, will install the flowline during the summer 2008.

This project falls within the scope of the two-year frame contract for reeled pipe installation services in Norway awarded to the Worldwide Building Corporation-Subsea 7 joint venture in July 2006. Available resources from both companies are used on a project by project basis to deliver against the overall scope of work(3).

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