Statoil Asa (NYSE:STO)
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1 Month : From Jan 2018 to Feb 2018
By Sonia Amaral Rohter
Siemens AG (SIE.XE) said Tuesday that it has been selected to supply a compression train for a Statoil ASA (STL.OS) vessel located in the Johan Castberg oil field in the Barents Sea.
Siemens said it will engineer, manufacture and commission the SGT-750 gas turbine-driven compression train for a floating production, storage and offloading vessel operated by Statoil. The company will also supply a waste-heat recovery unit, it said.
This is the first offshore application of this particular type of gas turbine, Siemens said, and delivery is expected to take place in mid-2019, with the first oil planned for 2022.
The contract was booked as part of its frame agreement with Statoil, Siemens said.
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(END) Dow Jones Newswires
February 13, 2018 10:55 ET (15:55 GMT)
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