Nordic Business Report-April 24, 2006-Statoil ASA awards Nexans Norway NOK185m cable contract
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The Norwegian oil company Statoil ASA said on Friday (21 April) that it has awarded Nexans Norway a NOK185m contract for cables and related equipment for a direct electric heating (DEH) system for the subsea installations on the Tyrihans field in the North Sea.
The DEH system will prevent the formation of hydrocarbon ice or wax plugs in the Tyrihans pipeline in the event of production shutdowns.
One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).
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