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9 March 2010

First Marulk Contract Awarded to FMC

PRESS RELEASE: On behalf of the Marulk license (PL 122), Eni Norge and its partners Statoil and DONG have selected FMC for the manufacture and supply of the subsea production system for the Marulk field. The contract has a value of around NOK 370 million (approximately USD 62 million).

FMC’s scope of supply includes the manufacture of one four slot template including manifold with two x-mas tree systems, control umbilical and associated topside controls. The subsea equipment will be manufactured and assembled at FMC Kongsberg and at Dunfermline, Scotland. Initial deliveries are scheduled to commence in 2Q 2011.

The Marulk development coming on stream 2Q 2012 will contribute to increased production from existing fields on the Norwegian Continental Shelf, providing good resource management.

Early commitments on critical components prior to submission of Plan for Development and Operation (PDO) has been approved by both partners, and authorized by the Ministry of Petroleum and Energy.

The Marulk project is now proceeding towards submission of PDO to the Ministry of Petroleum and Energy. Approval is anticipated to take place by 2Q 2010.

Contracts for remaining equipment, services and installation work needed for the Marulk Project Development, will be placed in subsequent order during first half of 2010.

Planned production start-up of the Marulk field is 2Q 2012.

Eni Norge AS is the operator of Marulk with 20% share, while Statoil Petroleum AS and DONG E&P Norge AS have a 50% and 30% share respectively.

Marulk is a typical satellite development, tied back to the Norne FPSO, and is located in the Norwegian Sea approximately 30 kilometers southwest of the Norne field at a water depth of 1,200 feet (365 meters). The initial development will consist of production from two wells. Marulk is a gas/condensate field. Recoverable reserves are estimated to be in the order of 73 Mboe.

Eni Norge has the overall responsibility for all activities as Operator for PL 122 Marulk. Statoil will assist Eni Norge as operator in performing key tasks associated with the subsea facilities and tie-in to the Norne FPSO. Eni Norge has the overall project management of Marulk and is responsible for license administration, reservoir management, drilling operations and authority coordination.

Eni Norge is part of Eni S.p.A, an integrated energy company with activities in more then 70 countries.

Contact person in Eni Norge AS:
Andreas Wulff
Communication Manager
Phone: +47 52 87 49 68
Mobile: + 47 926 16 759