none

ABB signs $260m contract with major oil company

31-08-2010
by 
in 
ABB signs $260m contract with major oil company

 

ABB, a leading power and automation technology group, has signed a service contract valued at $260 million with A/S Norske Shell.
 
The contract, for a period of 9 years, requires ABB to provide integrated service and support solutions for the Draugen offshore oil platform and the nearby Ormen Lange onshore gas processing plant on the west coast of Norway.
 
The agreement includes the option of two consecutive two-year contracts and covers both the oil and gas fields, as well as future expansions, tie-ins and upgrades. 
 
ABB has delivered significant annual savings over five successive years since it was awarded the first service contract by A/S Norske Shell in 2007.
 
“The contract confirms A/S Norske Shell’s confidence in our ability to improve efficiency at their onshore and offshore operations using ABB's proven service concepts and competence,” said Veli-Matti Reinikkala, head of ABB's Process Automation division. “Our service portfolio constantly evolves to meet our customer’s requirements, which helps secure the future success of our partnership.”
 
The agreement is prepared for deeper integration of ABB services, competence and roles into the projects of other contractors on the customer's plants, such as Engineering, Procurement and Construction Management (EPCM). Optimized system design and a holistic approach to interfaces and product entities reduce costs and improve profitability.
 
The contract scope includes the system’s integration across the electric, instrument, control and telecommunication systems. 
 
ABB
 

Related news & editorials

  1. 15.11.2018
    15.11.2018
    by      In
    It’s less than a year since Lapp Australia started trading, but the company has swiftly established itself in the local market, with significant penetration in sectors such as food and beverage, manufacturing, solar, sound and stage production, electrical contracting, machine building and... Read More
  2. 12.11.2018
    12.11.2018
    by      In
    Energy Vault has developed a novel solution to storage for renewable energy plants that involves neither batteries nor water.
    The Energy Vault system is based on the fundamental physics of potential and kinetic energy, and uses a proprietary, cloud-based software platform to operate a newly... Read More
  3. 07.11.2018
    07.11.2018
    by      In
    With a combination of its industry-leading fans and energy-efficient lighting products, Big Ass is improving working conditions in Australia and around the globe.
    Blazing Queensland temperatures and humidity were creating uncomfortable working conditions at XL Service Bodies, an industry-leading... Read More
  4. 07.11.2018
    07.11.2018
    by      In
    ABB has thrown its weight behind the OPC Foundation in its bid to define the worldwide industrial interoperability standard. The new Open Platform Communication Unified Architecture (OPC UA) standard has the potential to enable industrial players to unlock the full potential of Industry 4.0.
    OPC UA... Read More