Norwegian integrated oil company StatoilHydro has awarded a contract for the Morvin subsea production system to Aker Kvaerner Subsea.
Morvin is a combined oil and gas field on the Halten Bank in the Norwegian Sea. It is located approximately 20 kilometers west of the Asgard B platform, some 200 kilometers west of Norway. Production is expected to start on the field in 2010.
The field is planned to be developed as a subsea tieback to the Asgard B platform with two subsea production system templates and a total of three production wells.
Total estimated contract value for the subsea production system is approximately NOK1 billion. Contract documents are expected to be signed in December 2007, and final delivery is expected to take place in May 2009.
Partners in the Morvin license group are StatoilHydro (64%), Eni (30%) and Total (6%). StatoilHydro is the operator of the field.