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Equinor picks Aibel for work on Oseberg fields

Equinor picks Aibel for work on Oseberg fields

first_imgPeggy Krantz-Underland, Equinor’s chief procurement officer, said: “There will be an increased level of project activity at the Oseberg fields in the coming years. With one main supplier, we will be able to synchronize the different projects schedules, utilize synergies between parallel projects, and optimize personnel onboard. Equinor saidon Wednesday that the aim of the portfolio agreement was to ensure a holisticapproach to planning and execution of projects at the Oseberg fields. Having soldaround 2.9 billion barrels of oil, Oseberg is Norway’s third-largest oilproducer of all time, following Statfjord and Ekofisk. Since production startedin 1988, the Oseberg field has generated an estimated revenue of more than $95.4billion. Productionfrom the first unmanned wellhead platform on the Norwegian continental shelf,Oseberg H, started in the autumn of 2018. In a separate statement, Aibel said that the agreement can ensure call-off agreements of “major size” which, in the company’s terms, is up to NOK 2.5 billion or around $265 million. Theobjective of the OGP project is to maximise Oseberg asset value through timelylow-pressure production and increased gas export and to reduce its carbonfootprint by partly electrifying the field centre and Oseberg South with powerfrom shore. Upon a final investment decision by Equinor and its partners and final regulatory approval in the OGP project, Equinor can exercise a call-off for engineering, procurement, construction, and installation (EPCI). “The portfolio agreement will allow us to work with Aibel on Oseberg in an integrated way, focusing on safety, continuous improvement, and cost-efficiency. It will also create predictability and continuation for supplier’s personnel and sites”. One of Equinor’s largest producers Also, Equinor awarded Aibel a front-end engineering and design contract (FEED) for the Oseberg gas capacity upgrade and power from shore project (OGP), as the first call-off under the portfolio agreement. The value of the FEED contract is around NOK 120 million ($12.7M). Call-offs up to $265 million Increased gas capacity through the OGP project will increase the value of future tie-ins to the field. Equinor and its partners in the field – Total, Petoro, and ConocoPhillips – are working towards a final investment decision in late 2021.center_img Geir Sørtveit, SVP for operations west in Equinor, stated: “Oseberg is a legacy field that has played a key role in developing the Norwegian continental shelf and will continue to be an important hub in the North Sea towards 2040. The gas isexported from the Oseberg field centre to markets in the UK and the Continent.Oil and condensate are piped to the Sture terminal in Øygarden, north ofBergen. “In addition, a good deal of our electrification expertise has accumulated here and at our other offices, so I am convinced that we are well equipped to deliver solutions that meet customer expectations“. “We look forward to collaborating and working safely together with Aibel to develop Oseberg for further value creation and lower CO2 emissions for the future”. Nils Arne Sølvik, Aibel’s EVP of modifications and yard services, added: “Over the years, employees at our office in Bergen have acquired solid expertise on Oseberg and Kollsnes from previous projects. The offshore service firm further stated that the projects will be managed from Aibel’s office in Bergen with support from other offices. “At the same time, there is also an endorsement of Aibel’s commitment to electrification on the Norwegian continental shelf, where we are already playing a prominent role in the electrification of Johan Sverdrup and the surrounding fields at the Utsira High“. Norwegian oil major Equinor has awarded compatriot Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026. Oseberg; Photo: Øyvind Sætre; Source: Aibel President and CEO of Aibel Mads Andersen said: “This is an important vote of confidence from Equinor and a recognition of the study work we have previously done at Oseberg.last_img read more

Lakers’ Kobe Bryant, Celtics’ Rajon Rondo talk basketball over breakfast

Lakers’ Kobe Bryant, Celtics’ Rajon Rondo talk basketball over breakfast

first_imgBOSTON >> The two men once faced each other in physically intense battles that both defined the Lakers-Celtics rivalry and determined NBA championships. But on Thursday morning, there Lakers guard Kobe Bryant and Celtics guard Rajon Rondo sat together for breakfast at The Paramount in Beacon Hill.“It was delicious,” said Bryant, though the breakfast involved more than just enjoying toast and orange juice. Bryant joked he and Rondo had a “mutual intervention” surrounding their respective team struggles. In reality, Bryant reported having a “basketball geek conversation” that entailed revisiting the Lakers and Celtics trading NBA titles in 2008 and 2010. Bryant’s nostalgia quickly turned to sarcasm when he was asked what he thinks of Rondo as a future teammate once he becomes an unrestricted free agent this offseason. “We get along extremely well and see the game in similar fashion in terms of our aggressiveness and mind-set,” Bryant said. “It’s good to get together with him.”Lakers coach Byron Scott couldn’t fathom the idea of having dinner with a Celtics player during his time with the Lakers during their Showtime Era. “I’m still real old school,” Scott said. “I don’t have breakfast with Danny (Ainge) and all those guys.”Scott spoke too soon. Ainge, the Celtics president of basketball operations, interrupted Scott’s post-game press conference and asked, Byron, wanna do breakfast in the morning?“When you come to L.A. Danny,” Scott responded, “we’ll go to breakfast.” But when he played, Scott believed the personal animosity toward the Celtics enhanced his performance. “You do have to have a certain dislike for your opponent to go out there and try to kill him and beat him,” Scott said. “We looked at ourselves as our family. Anyone out of that circle was an enemy.”But in a few months, perhaps Rondo could morph from a Lakers’ enemy to a Lakers’ star. “I’ve never thought about having any future teammates before,” Bryant said before the Lakers’ 113-96 loss on Friday to the Celtics at TD Garden.Rondo offered similar sarcasm, saying, “He called me an (expletive), and I said the same thing. Just two (expletive) having breakfast.” The Celtics could trade Rondo before the Feb. 19, 2015 trade deadline to receive assets instead of allowing their star point guard to leave next summer for nothing. But a deal involving the Lakers seems complicated. The Lakers owe one first-round draft pick to Phoenix as part of the Steve Nash trade two years ago, assuming they do not land a top-five pick. The Lakers have also acquired a draft pick as part of the Jeremy Lin trade from Houston, which dumped salary to pursue Chris Bosh. But the Lakers will have enough cap room this summer to sign Rondo, who makes $12.9 million and averages 8.3 points, 10.9 assists and 7.4 rebounds per game. Bryant maintained he did not recruit Rondo during breakfast. But the Lakers’ star called Rondo “extremely intelligent.” Bryant praised Rondo’s playmaking and also gushed how he could rebound despite being listed at 6-foot-1.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more