Delivery to support reliable power and productivity on two new oil platforms
Zurich, Switzerland, May 14, 2007 - ABB, the leading power and automation technology group, has received an order worth $26 million as the Main Electrical and Instrumentation Vendor (MEIV) for two oil platforms currently being built for Maersk Oil Qatar.
ABB's scope of supply includes systems for electrification, telecommunications, instrumentation, fire and gas, safety and navigational aids. The company will also support detail engineering design, yard fabrication and offshore commissioning.
"This project demonstrates our continuing partnership with leading oil and gas operators," said Veli-Matti Reinikkala, head of ABB's Process Automation division. "Our customers rely on ABB to help improve platform efficiency while lowering energy use and environmental impact."
ABB has more than 4,500 dedicated oil and gas engineers worldwide and a track record of more than 1,000 successful projects in this sector during the past 50 years. The Qatar platform projects will be completed through close cooperation between ABB units in Norway and Denmark, and the EPC contractor, Sime Darby Engineering, who will execute detail engineering design from its Malaysia facilities.
In late 2005, Maersk Oil Qatar and Qatar Petroleum agreed on a plan for further development of the Al Shaheen Field off Qatar. The field development plan calls for drilling of more than 160 production and water injection wells during a 6-year period, along with 19 new platforms interconnected by sub sea pipelines.
ABB system deliveries for the two current platforms will begin during the first quarter of 2008 and are scheduled to be completed in late 2008. The platforms will begin operations in late 2009. The order was booked in the first quarter.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 109,000 people.