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-AF Gruppen seals NOK49m deal to recycle loading buoy of Statoil.

NORDIC BUSINESS REPORT-September 2, 2011--AF Gruppen seals NOK49m deal to recycle loading buoy of Statoil(C)2011 M2 COMMUNICATIONS http://www.m2.com

2 September 2011 - Norwegian construction company AF Gruppen ASA (OSL:AFG) announced on Thursday a subcontractor deal worth NOK49m to demolish and recycle a loading buoy at the Statfjord C platform of local oil major Statoil ASA (OSL:STL).

The contract was awarded by Norwegian subsea services provider Deepocean AS.

AF Gruppen's part of the deal involves planning, engineering and preparation offshore, bringing the buoy onshore and recycling. Deepocean, which has total responsibility for the contract, will carry out the subsea work and the towing from Statfjord to the demolishing facility.

Work on the assignment will start immediately and recycling is due to take place in the summer or autumn of 2012, AF Gruppen said.

Installed in 1984, the loading buoy at Statfjord C is 181 m high and weighs 8,000 tonnes including ballast.

(EUR1=NOK7.8)

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Publication:Nordic Business Report
Date:Sep 2, 2011
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