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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
 

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