In October 2010, the Asgard license decided to go ahead with its concept involving gas compressors installed on the seabed, the subsea gas compression.

Asgard may be the first installation worldwide to employ seabed processing involving gas compression and this represents an important technological leap in the development of fields in deep and demanding waters.

The contract for the design and construction of the subsea gas compression is the biggest contract award on the imminent Asgard development project, according to the company.

Aker‘s contract’s duration will be until the end of 2014. The contracts for modification, pipelines, marine operations and other major procurement items in connection with the Asgard development will be awarded in the course of the coming year.

Statoil said that this is one of the most important measures it has implemented in order to increase recovery from existing NCS fields.