May. 2013 - EMAS AMC, the subsea division of Ezra Holding Limited, will be involved in the Smorbukk South extension project after being awarded a $75 million engineering, procurement and construction contract from Statoil. Scope of the contract includes engineering, procurement, construction and installation of flexible flowlines, tie-in spools, manifolds and umbilicals as well as associated abandonment and removal activities. Offshore operations are scheduled to start in 2Q 2014 with a duration of approximately one year. Smorbukk South is estimated to hold 16.5 MMboe and will be developed with a new subsea template connected to existing infrastructure in the area.

Apr. 2013 - FMC is the recipient of a $96 million order from Statoil to supply subsea equipment for the Smorbukk South extension off Norway. The company will supply subsea trees, wellheads, a manifold, control systems and other associated equipment with delivery scheduled for 2014. This is the third order from a fast-track portfolio agreement between Statoil and FMC that was announced in 2012.

Mar. 2013 - Statoil and its partners in the Asgard development made the decision to proceed with the Smorbukk South Extension project. The extension is estimated to hold recoverable reserves of 16.5 MMboe and will be accessed with a new subsea template tied back to the Asgard A FPSO. Produced gas will be re-injected to maintain adequate reservoir pressure as oil is recovered. Statoil has already made investments into equipment for the project in an effort to minimize the time between sanctioning of the project and start-up which is planned for September 2015.

Feb. 2012 - Technip has received two subsea contracts under the Diving Frame Contract from Statoil for the Asgard, Gudrun & Valemon projects. The Asgard contract includes deepwater testing of the Pipeline Repair System, remote hot-tap equipment, preparation work and installation of protection structures. Work will be executed in 2012. The Gudrun and Valemon contract includes installation and tie-in of spools and power cable and also a Morgrip midline tie-in, all performed by divers. The work will be executed in 2013 and 2014.

Feb. 2012 - Technip has received a contract to oversee the marine operations of the world's first seabed gas compression facility on the Asgard field, which is expected to increase recovery from Mikkel and Midgard by roughly NOK 278 MMbbl of oil equivalents. The contract for marine operations is one of several major contracts awarded in connection with the decision to adopt new technology in order to increase recovery and maintain production on the Asgard field. Asgard seabed gas compression will start up in 2015.

Aug. 2011 - Statoil and partners have submitted a plan for development and operation of subsea gas compression to maintain production from the Mikkel and Midgard reservoirs on the Asgard field. Subsea compression on Asgard should improve recovery from the Mikkel and Midgard fields by some 278 MMbbl of oil equivalent. Statoil stated that natural pressure from the project will become too low over time to maintain stable flow and a high-production profile from the Asgard B platform. The operator intends to install seabed compressors near the wellheads to increase the pressure and compensate for the decline. The Asgard field is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea. The field is operated by Statoil with 34.57% interest in the field and facilities. Partners in the project include Petoro with 35.69%, Eni with 14.82%, Total with 7.68% and ExxonMobil with 7.24%.

Jun. 2011 - Statoil awarded Aker Solutions an engineering, procurement, construction and installation contract for subsea compression topside modifications on the Asgard field. The operator has decided on a concept involving gas compressors installed to provide electricity to the Asgard subsea compressor units. Installation of the compressor units will take place in 2013. The scope of work includes building and installing an 800 tonne new module and integration work on the Asgard A and B platforms in the North Sea. Delivery is set for 4Q14. The Asgard field is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea. The field is operated by Statoil with 34.57% interest in the field and facilities. Partners in the project include Petoro with 35.69%, Eni with 14.82%, Total with 7.68% and ExxonMobil with 7.24%.

Dec. 2010 - Statoil awarded a contract to Aker Solutions for the design and construction of the Asgard subsea gas compression. The contract award is contingent upon an investment decision to be made in the first quarter of 2011. The Asgard field is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea. The field is operated by Statoil with 34.57% interest in the field and facilities. Partners in the project include Petoro with 35.69%, Eni with 14.82%, Total with 7.68% and ExxonMobil with 7.24%.

Nov. 2010 - Statoil awarded Parker Hannifin a contract to supply an umbilical system for the Smorbukk North East project. The scope of work encompasses 3.5 miles (5.7 kilometers) of steel tube umbilical, termination hardware, and site support. The equipment will be delivered by the end of June 2011. Smorkbukk North East is located in the Halten area, about 3.4 miles (5.4 kilometers) northeast of the Asgard N template.

Nov. 2010 - Statoil and partners have made an investment decision to develop the Smorbukk North-East field as a satellite to the Asgard B gas and condensate platform in the Norwegian sector of the North Sea. The field is estimated to contain about 16 million barrels of oil equivalent and will cost about 1 billion kroner to develop. The field will now come online in December 2011 instead of 2013; and the early start-up is possible due to the operator converting an existing exploration well to a producing well and using modified subsea well equipment originally built for the Sigrid field. Statoil operates the field holding a 34.75% interest; Petoro holds 35.69%; Eni Norge holds 14.82%; ExxonMobil holds 7.24%; and Total holds 7.68%.

Nov. 2010 - Statoil and partners have chosen to use subsea gas compression to help recover the remaining reserves in the Asgard field. Eventually, pressure in Midgard and Mikkel, two reservoirs developed with seabed installations tied-back to the Asgard B platform, will become too low to sustain their ability to produce to the B platform. By installing compressors, it will sustain the gas flow, ensuring continued production to the platform. Currently, the partners are waiting for a possible investment decision, which is expected by the first quarter of 2011. The Asgard field is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea. Operated by Statoil with 34.57% interest in the field and facilities, partners in the project are Petoro with 35.69%, Eni with 14.82%, Total with 7.68% and ExxonMobil with 7.24%.

Sep. 2010 - Statoil received consent to use the new L-103 pipeline from subsea template L to the Asgard B facility. The consent also includes changes to the process equipment on Asgard B as a result of the new pipeline. The new 2-mile (4-kilometer) long pipeline has an internal diameter of nine-inches, and facilitates production from subsea template L to Asgard B. The wells should produce to either Asgard A or B or to both facilities at the same time. Start-up of the new pipeline is planned in October 2010. The Asgard field is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea.

Aug. 2010 - Statoil commenced production from the Morvin oil and gas satellite field on August 1. The field is a subsea development with two subsea templates and four production wells, which are tied-back to the Asgard B production platform for processing via a 12-mile (20-kilometer) long pipeline. Initially, production will flow at a rate of 24,000 boepd, and once start-up of well two commences, production is expected to increase to 51,000 boepd. Located on exploration Block 6506/11 and spanning Production Licenses 134 B and 134 C, Morvin is situated 124 miles (200 kilometers) from the shore. Statoil operates the field, holding a 64% interest; Eni holds 30%; and Total holds 6%.

Jun. 2010 - The Petroleum Safety Authority Norway granted Statoil consent to use production facilities for the Morvin development in the Norwegian sector of the North Sea. The consent also applies to new process equipment on the Asgard B facility. The field is being developed with a seabed solution with two well templates and a total of four production wells. The well stream will be routed via pipeline to Asgard B for processing and export. Modifications of process equipment on the Asgard B facility include: new flowlines; upgrades of the hydrate injection system; new chemical injection pumps; new hydraulics package for the seabed installations; power supply system for direct electric heating; gas outlet from the gas injection system to gas lift on the riser base; upgrade of metering system on test separator. Located on exploration Block 6506/11 and spanning Production Licenses 134 B and 134 C, Morvin is situated 124 miles (200 kilometers) from the shore. Morvin is scheduled for production in August 2010.

Jun. 2010 - Grenland Group received a letter of intent from Statoil for modification work at Asgard A. The scope of work includes a complete offshore replacement of the existing swivel stack, which transfers all kinds of services between the vessel and its subsea installations, including the oil and gas production. Work should commence immediately and will be completed within 2011. Asgard is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea on Blocks 6507/11 and 6407/2. Operated by Statoil with a 34.57% interest in the field and facilities, partners in the project are Petoro with 35.69%, Eni with 14.82%, Total with 7.68% and ExxonMobil with 7.24%.

Dec. 2009 - Statoil received consent to use the Scarabeo 5 semisub to drill and complete four production wells on Morvin, located on exploration Block 6506/11 and spanning Production Licenses 134 B and 134 C. The semisub will complete four wells in two subsea templates on the seabed, which will be connected to Asgard B semisub using a 12-mile-long (20-kilometer-long) pipeline in a water depth of 1,148 feet (350 meters). Expected to commence production in late summer 2010, Morvin is expected to produce approximately 27,000 boepd at its peak. The field's life expectancy is 14 years.

Dec. 2009 - Technip received an engineering, procurement, construction and installation contract from Statoil for the Asgard Gas Transfer Project in the Norwegian North Sea. The contract entails fabrication and installation of a 2-mile-long (4-kilometer-long) rigid flowline in 2010 and the replacement of two flexible risers in 2011. The world's largest subsea project, Asgard field development includes 57 subsea wells, 17 seafloor templates, a subsea gas compressor and 186 miles (300 kilometers) of in-field flowlines. Project partners expect the Asgard development to produce hydrocarbons for half a century, reaching a total output of 7.9 Tcf (223 Bcm) of gas and 730 million barrels of oil and condensate.

Dec. 2009 - A new pipeline will be installed on the Asgard field connecting the Asgard B semisub to one of the seabed templates currently tied to the Asgard A FPSO. Once the new pipeline is in position, several adjustments will be made to eight pressure support wells, transforming them into gas production wells. Statoil, the operator of the field, says a new pipeline and well adjustments will increase the flexibility of the field's gas production. Technip will perform the operations that are slated for completion in the fourth quarter of 2010. Asgard is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea, and currently produces 1.28 Bcf/d (36.2 MMcm/d) of natural gas, as well as 163,000 bopd and 94,000 bpd of condensate.

Sep. 2009 - New drilling and well technology developed by StatoilHydro and FMC Technologies will improve the oil recovery from subsea fields. The technology has now been successfully tested on the Asgard field in the Norwegian Sea. One of the measures to extract more oil from the fields is to drill more wells, but drilling subsea wells is expensive. New equipment enables drilling of new sidetracks through existing tubing on subsea fields. The new technology is called "Through tubing rotary drilling" (TTRD) and enables reuse of old wells in a much simpler and more inexpensive way than earlier. A conventional rig, Stena Don, was used at Asgard this time, but the result of this technology will be even better on a purpose-built rig. Located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea, the Asgard field is comprised of three geographical segments: the Midgard, Smorbukk and Smorbukk South discoveries.

Sep. 2009 - StatoilHydro was granted consent to use the Aker Spitsbergen semisub to plug back a well on the Asgard field. The purpose of the operation is to permanently plug exploration well 6506/12-8 (Smorbukk Sor). StatoilHydro has a five-year contract period with Aker Spitsbergen. The operation is scheduled with a budgeted duration of 26 days for the plugging of Smorbukk. Start-up will be in September 2009.

Sep. 2009 - StatoilHydro confirmed the existence of oil, gas and condensate in the northeastern part of the Smorbukk deposit, which is part of the Asgard field in the Norwegian Sea. StatoilHydro completed the drilling of an appraisal well in the northeastern segment of the Smorbukk deposit. The proven resources are so far estimated at between 15 and 25 million barrels of recoverable oil equivalent. Being part of the Asgard field, the segment is included in the plan for development and operation (PUD) of the area. The result is encouraging and development in association with the Asgard B platform will be considered. Discovered in 1984, the Smorbukk field has been on stream since 1999.

Aug. 2009 - The Norwegian Petroleum Directorate granted StatoilHydro a drilling permit for wellbore 6506/12-12 A, ref. Section 8 of the Resource Management Regulations. The drilling program for wellbore 6506/12-12 A relates to drilling of an appraisal well in PL 094. The well will be drilled from the Transocean Leader semisub at position 65 degrees 13'1.20" North and 6 degrees 54'29.8" East. The area in this production license consists of block 6506/12, at the StatoilHydro-operated Asgard field in the Norwegian Sea.

Jul. 2009 - The Petroleum Safety Authority granted consent to StatoilHydro for use of the Scarabeo 5 semisub for production drilling and partial completion of wells 6506/12-Q-5 and 6506/12-Y1H/Y2H, located on the Asgard field. The wells are part of PL 094, which is centrally located in the Norwegian Sea at a water depth of 984 feet (300 meters). Planned start-up of the activity is mid-August 2009.

Jun. 2009 - StatoilHydro was granted consent to use the Deepsea Bergen semisub for production drilling on the Asgard field, located in the Norwegian North Sea on Blocks 6407/2, 6506/11, and 6507/11. The Deepsea Bergen will be assigned well commissions during the contract period. This will also depend on the ongoing well allocation processes, where the main objective of the operations on the Asgard satellite field is to maintain the production levels and increase the recovery rates in the production license. Additional activity on the Asgard field may also include well clean-up and well testing.

May. 2009 - StatoilHydro was granted consent to conduct exploration drilling with the Transocean Leader semisub on the Asgard field, located on Blocks 6407/2, 6506/11, and 6507/11 in the Norwegian North Sea. The consent applies to drilling of appraisal well 6506/12-12 S and sidetrack well 6506/12-12 A, situated in a water depth of 988 feet (301 meters). Drilling is expected to commence towards the end of May 2009.

May. 2009 - StatoilHydro will use the Tyrihans subsea facility, as well as new processing equipment for production on the Kristin and Asgard B fields. Four production frames, A, B, C and D will hold 12 production and gas injection wells and four available slots. All frames will be connected to a 27-mile (43-kilometer) long production pipeline to Kristin. Gas for gas injection and gas lift in the production wells will come from a 10-inch-diameter pipeline from Asgard B. Start-up of the first production well to Kristin, as well as gas injection from Asgard B, is planned for July 1, 2009.

Jan. 2009 - The Yttergryta subsea field has started gas production for the Asgard field in the Norwegian Sea, only eight months after the plan for development and operation was approved.

Dec. 2008 - StatoilHydro restarted production at its Asgard B gas platform early on Wednesday after a shutdown that began on Monday due to rough weather in the Norwegian Sea, the company said.

Jul. 2008 - FMC Technologies, Inc. signed a contract with StatoilHydro for the manufacture and supply of subsea equipment to support oil and gas production at StatoilHydro’s Asgard development, located in the Norwegian Sea. The contract is valued at approximately $45 million in revenue.

Apr. 2008 - StatoilHydro's PDO of the Morvin field was approved April 25, 2008. The Morvin development concept will include two subsea templates tied in to Asgard B for processing through a 20-kilometer pipeline.

Feb. 2004 - The Mikkel gas development operated by StatoilHydro has been officially inaugurated after being brought on stream well below its original cost estimate. Developed with subsea installations, this Norwegian sea field is tied-back to the Asgard B gas production platform also operated by StatoilHydro and began production on October 1, 2003.

Sep. 2001 - The PDO for the Mikkel gas and condensate field on the Halten Bank was approved by the Ministry of Petroleum and Energy on Sept. 14, 2001.