Veidekke ASA: Awarded Johan Sverdrup contract
(Thomson Reuters ONE) -
Veidekke Entreprenør AS has signed a contract with Aibel AS to undertake work at
the onshore facility near Kårstø, which will provide electricity to the Johan
Sverdrup field in the North Sea. The value of the contract is NOK 150 million
excluding VAT.
Electrification of oil and gas installations with electricity from land is an
important measure to reduce greenhouse gas emissions and increase the efficiency
of oil production in the North Sea. Electrification of the Norwegian
continental shelf is in keeping with the authorities' long-term goal to reduce
CO2 emissions from the petroleum industry. The platforms on the Johan Sverdrup
field will be among the first on the Norwegian continental shelf where polluting
gas turbines at sea are replaced by clean, renewable electricity from land.
Statoil has awarded Aibel the main contract to build the electrification plant
at Haugsneset near Kårstø. Veidekke has been chosen by Aibel to undertake work
such as construction of infrastructure, ground works for four kilometres of
cable trenches for electricity cables and construction of a rectifier station, a
pumphouse and landfall for a cooling plant. The contract also includes ground
works a further identical rectifier station.
Work has already commenced, and is scheduled for completion in the autumn of
2017.
For press photos, see www.flickr.com/photos/veidekke, for more information,
contact:
Project Manager Jim D Skålevik with Veidekke, tel. +47 90 87 21 02,
jim.skalevik(at)veidekke.no
Communications Manager Helge Dieset of Veidekke, tel. +47 90 55 33 22,
helge.dieset(at)veidekke.no
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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of building and construction
contracts, maintains roads and produces asphalt, crushed stone and gravel. The
company is characterised by involvement and local knowledge. Revenue is NOK 24
billion (2014), and half of the 7,000 employees own shares in the company.
Veidekke is listed on the Oslo Stock Exchange and has always posted a profit
since it was founded in 1936.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Pressphoto Johan Sverdrup:
http://hugin.info/172/R/1972248/721312.pdf
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Source: Veidekke ASA via GlobeNewswire
[HUG#1972248]
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