FMC Technologies has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Katla field development in the Norwegian sector of the North Sea.
The package is worth about $75million in revenue to FMC Technologies and some of it will be carried out on Scottish soil at Dunfermline.
Katla is a fast-track offshore oil and gas field located in water depths of some 90m (310ft) on block 30/9, PL120, that is to be tied-back to the Oseberg South platform 11km (seven miles) away, with production to start late-2012.
It is one of three additional options included in the previously-announced Pan Pandora project awarded to FMC Technologies in June. As with Pan Pandora, all equipment for Katla will be based on a standard subsea solution designed by FMC for Statoil.
The scope of supply for Katla includes the manufacture of three subsea trees, one manifold and associated subsea and topside control systems.
The equipment will be manufactured and assembled at FMC’s facilities in Dunfermline and Kongsberg, Norway. Deliveries are scheduled to start in Q2 2011.
“Statoil’s fast-track strategy aims to reduce the time from discovery to production,” said Tore Halvorsen, FMC’s senior vice-president of Global Subsea Production Systems.
“We are pleased that they recognise the value of our experience and the success of FMC’s proven standardised systems in supporting fast-track projects.”
Statoil is the operator of block 30/9 and Katla, holding a 49.5% interest. Partners comprise Petoro (33.60%), Total (10%), ExxonMobil (4.70%), and ConocoPhillips (2.40%).