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KONGSBERG signs MNOK 380 contracts with Statoil

Kongsberg Oil & Gas Technologies AS (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA (KOG), has signed an agreement with Statoil for the delivery of subsea structures, in-line tee’s, tie-in and connection systems for the Polarled gas pipeline.

Tampen Link Statfjord – Pipeline End Manifold structure at the end of the pipeline with piglauncher, valves and connections for other pipeline system. This one assembles the production flow from different smaller pipes into a bigger one

The contract was signed with Statoil on behalf of the partners in the joint venture for Polarled: Statoil, Petoro, OMV, Shell, TOTAL, RWE Dea, ConocoPhillips, Edison, Maersk Oil and GDF SUEZ.

Polarled is a new 480-km long gas pipeline from Aasta Hansteen to the Nyhamna processing facility in Møre & Romsdal County. The pipeline will make it possible to develop Aasta Hansteen and other fields in the Norwegian Sea. Polarled will also have a branch pipeline to the Statoil-operated Kristin Field, and the order includes structures and tie-ins for that branch. The project is scheduled to commence immediately and will last for more than three years. Engineering will be done by KOGT at Lysaker, while fabrication will be done by subcontractors in Great Britain and Norway.

“We are extremely pleased with the contract”, comments Pål Helsing, Executive Vice President of Kongsberg Oil & Gas Technologies. ”It testifies to the fact that KONGSBERG has the expertise required to resolve new challenges inherent in future subsea projects aimed at developing new and existing fields. In that respect, the contract confirms the company's position as a significant subsea-player on the Norwegian Continental Shelf”, concludes Pål Helsing.

For further information, please get in touch with: Pål Helsing Executive Vice President, Kongsberg Oil & Gas Technologies AS Tel: +47 67 55 67 57    pal.helsing@kongsberg.com www.kongsberg.com/kogt Tor Egil Kili Kongsberg Gruppen Mobile: +47 982 14 019 tor.egil.kili@kongsberg.com www.kongsberg.com/kogt About Kongsberg Oil & Gas Technologies
Kongsberg Oil & Gas Technologies is an independent supplier of technology, software solutions and services to the oil and gas industry. The focus is on delivery of subsea projects and products, real-time decision support solutions for drilling, well surveillance and production operations and integrity management systems.

Kongsberg Oil & Gas Technologies works towards improving efficiency, reducing costs and enhancing decision making capabilities for operators in exploration and production operations through a combination of subject matter expertise and technology solutions.

Kongsberg Oil & Gas Technologies is headquartered in Sandvika, Norway and operates globally with offices in all key regions of the world. Kongsberg Oil & Gas Technologies is a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG).

KONGSBERG (OSE Ticker: KOG) is an international, knowledge-based group that supplies high-technology systems and solutions to customers engaged in the oil and gas industry, the merchant marine industry, and the defence and aerospace industries. In 2012, the Group had operating revenues of NOK 15.7 billion, and it currently has some 7 400 co-workers in more than 25 countries.
For more information, please visit www. kongsberg.com

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