Technip has received a letter of intent from Statoil to construct a spar platform on the Aasta Hansteen field, offshore of Norway.
The company will deliver the NOK4bn ($655.5m) contract in a consortium with Hyundai Heavy Industries (HHI).
Technip will design, procure and deliver the spar platform in South Korea, which will be fixed with platform topsides in Norway.
A complete mooring system will also be designed along with steel rigid risers. Technip will begin part of the work in August 2012 and deliveries are scheduled for December 2015.
The new Aasta Hansteen platform, slated to be the world's largest on completion, will be able to store about 25,000scm of condensate and export gas through the Norwegian Sea Gas Infrastructure (NSGI).
Project management and engineering works will be undertaken by Technip's operating centre in Houston, Texas, while its Norwegian unit will be responsible for the marine operations. HHI will carry out fabrications works.
Formerly known as the Luva field, the Aasta Hansteen prospect's total recoverable reserves are estimated at about 47 billion standard cubic metres (scm) of gas and 800,000scm of condensate.
Anders Opedal, Statoil senior vice president for projects, said: "In the course of this autumn and next spring we're going to award contracts for topsides, subsea facilities, pipelines, marine operations and drilling."
Production start-up will begin at the end of 2016 from the Aasta Hansteen field where production horizon may extend until 2040.
Image: The spar platform will have a total hull length of 195m. Photo courtesy of: Statoil.