GE Oil & Gas Awarded $147 Million Contract to Support Statoil’s Snøhvit Field Carbon Dioxide Injection Project
GE Subsea Technology to Secure Future CO2 Injection at the Snøhvit Gas Field in Barents Sea
GE Oil & Gas Facilities in the U.K. and Norway to Deliver Complete Subsea System
GE Oil & Gas (NYSE: GE) today announced it has been awarded a $147 million engineering, procurement and construction (EPC) contract from Statoil. Under the contract, GE will supply subsea production and injection equipment for Statoil’s Snøhvit carbon dioxide (CO2) injection project, designed to provide a robust CO2 solution.
The CO2 is naturally present in the reservoir and is produced with natural gas at the field. The CO2 is separated from the gas onshore before it is pumped back to the reservoir via a dedicated pipeline. The new CO2 injection facilities have been designed to accommodate Statoil’s need for additional injection capacity over the lifetime of the field.
For the project, GE will supply the Norwegian company with a subsea system enabling both injection and production wells.
This delivery follows GE’s previously provided subsea production system to Statoil for the company’s initial production activities in the Snøhvit field.
Delivery of the equipment will take place during the second quarter of 2015. GE will manufacture the trees at its Aberdeen facility and the control systems at the company’s Nailsea, U.K., facility. Meanwhile, the subsea template and manifold components will be built in Norway. GE will manage the EPC project from its Bristol, U.K., offices.
“We are excited to collaborate with Statoil on this initiative to extend production activities at the Snøhvit field,” said Rod Christie, CEO—Subsea Systems, GE Oil & Gas. “We are committed to helping our customers meet their most difficult technical and logistical challenges in developing new and more mature gas fields, ensuring a more sustainable and environmentally friendly development.”
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