GE Oil & Gas awarded $147-million contract for Statoil’s Snøhvit CO₂project

6/19/2013

GE Oil & Gas awarded $147-million contract for Statoil’s Snøhvit CO₂project

BERGEN -- GE Oil & Gas 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 CO₂solution.

The CO₂is naturally present in the reservoir, and is produced with natural gas at the field. The CO₂is separated from the gas onshore before it is pumped back to the reservoir via a dedicated pipeline. The new CO₂injection 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 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, UK, facility. Meanwhile, the subsea template and manifold components will be built in Norway. GE will manage the EPC project from its Bristol, UK, offices.

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