Technip received a letter of intent from Statoil for work concerning the spar hull for the Aasta Hansteen field development offshore Norway in about 1,300 m (4,250 ft) of water depth.

The project will be led by Technip in a consortium with Hyundai Heavy Industries (HHI). The contract covers the engineering, procurement, construction, and transportation of a spar hull as well as the mooring systems and design of the steel catenary risers.

The Aasta Hansteen spar, to be built with a total hull length of 195 m (640 ft), will be the first spar in Norwegian waters and the first spar concept chosen by Statoil.

Technip’s operating center in Houston will be responsible for project management and engineering while HHI will be responsible for fabrication. Technip’s office in Oslo, Norway, will be responsible for the marine operations to be performed prior to deck mating on the west coast of Norway in the summer of 2015.

The agreement is signed based upon the plan for development and operation’s authority approval expected early 2013 for a startup in late 2016.