StatoilHydro exercises options on three M&M contracts with Aibel

London, UK, 22 July 2008

StatoilHydro has advised Aibel that it will exercise its option to extend three of the company's seven Maintenance and Modification Contracts. The exercised options cover the Troll-Sleipner area, Kåstø-Draupner and parts of the Oseberg area.

The scope of work in the contracts covers Project Management, Engineering services, Procurement, prefabrication and Installation services, in addition to Maintenance Assistance. The options are valid for two years and will have an annual estimated value of MNOK 1400.

"We regard this as a declaration of trust and a confirmation of our long-term and good cooperation with StatoilHydro. The extension of these contracts will ensure continued and safe employment for Aibel's employees and our suppliers in Norway", says Jan Skogseth, President Aibel AS.

For more information, contact:

Ola Bøsterud
Senior Vice President Marketing and Communications
Tel: +47 85 27 26 78
Mob: +47 909 54 743


Aibel ( is dedicated to oil and gas Production Facilities Solutions. The company engineers, builds, maintains, modifies and operates production facilities and offers a portfolio of advanced separation, gas and drilling technology solutions, all to help customers achieve greater production.

A multicultural company with over 100 years of industry experience and more than 7,000 professionals, our dedication to meeting our customers’ needs is matched only by our equal commitment to compliance, innovation, integrity, safety and environmental sustainability.

Published 2008-07-22, 08:00 CET Updated 2011-01-18, 14:26 CET

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