Nexans Wins 45 Million Euro Umbilical Cable Contract for Statoil Fields on the Norwegian Continental Shelf

  Nexans Wins 45 Million Euro Umbilical Cable Contract for Statoil Fields on
  the Norwegian Continental Shelf

Business Wire

PARIS -- December 11, 2012

Regulatory News :

Nexans (Paris:NEX), a worldwide expert in the cable industry, has been awarded
a 45 million Euro contract by Statoil to supply static and dynamic umbilicals
for three fast-track projects on the Norwegian Continental Shelf - the Oseberg
Delta field (North Sea), the Snøhvit gas field (Barents Sea) and the Smørbukk
Sør (Norwegian Sea).

Nexans’ specialized facility in Halden, Norway will manufacture a total of
around 42 km of static and dynamic umbilicals to Statoil’s new standardized
umbilical design which has been developed to provide a consistent and
cost-efficient solution for fast-track projects, such as tie-ins to existing
infrastructure, as well as other kinds of subsea oil and gas projects.

The umbilicals will provide hydraulic, data and fibre optic services for
subsea equipment at a water depth of 100 metres for the Oseberg field, 345
metres for Snøhvit and 300 metres for Smørbukk. Manufacturing is expected to
start in the middle of 2013, with delivery anticipated during 2014/15.

“This latest umbilical contract for Statoil furthers our long standing working
relationship with this very important customer on the Norwegian Continental
Shelf. In addition to our excellent references from historic projects, this is
a good continuation of our co operation with Statoil on the two ongoing
projects in the Åsgard and Gullfaks fields”, says Ragnvald Graff, Sales &
Marketing Director, Hybrid Underwater Cables Division, Nexans Norway. “A key
factor in this success is our strong customer approach focused on meeting
Statoil’s specific project needs, not only in technical performance, but in
logistics and on-time delivery.”

The Oseberg, Snøhvit and Smørbukk fields:

From the Oseberg field, located 150 kms west of Bergen, Statoil has produced
oil and gas since 1988.

Snøhvit is the first offshore development in the Barents Sea. Without surface
installations, this project involves bringing natural gas to land for
liquefaction and export from the first plant of its kind in Europe and the
world’s northernmost liquefied natural gas facility.

Every day 20.8 million scm natural gas liquids and condensate are transported
143 kilometres through the seabed pipeline to Melkøya in Hammerfest.

The Smørbukk Sør Field is part of the Åsgard Unit area at Halten Bank in the
Norwegian Sea. Oil production (from P and S templates) and gas injection (to
R-template) started in June 1999 to the Åsgard A FPSO.The Smørbukk Sør
extension will increase the lifetime of the field for several years.

About Nexans

With energy at the basis of its development, Nexans, worldwide expert in the
cable industry, offers an extensive range of cables and cabling solutions. The
Group is a global player in the energy transmission and distribution, industry
and building markets. Nexans addresses a wide series of market segments: from
energy and telecom networks to energy resources (wind turbines, photovoltaic,
oil and gas or mining…) to transportation (shipbuilding, aerospace, automotive
and automation, railways...).
Nexans is a responsible industrial company that regards sustainable
development as integral to its global and operational strategy. Continuous
innovation in products, solutions and services, employee development and
commitment, customer orientation and the introduction of safe industrial
processes with limited environmental impact are among the key initiatives that
place Nexans at the core of a sustainable future.
With an industrial presence in 40 countries and commercial activities
worldwide, Nexans employs 25,000 people and had sales in 2011 of 7 billion
euros. Nexans is listed on NYSE Euronext Paris, compartment A.
For more information, please consult: www.nexans.com or www.nexans.mobi

Contact:

Nexans
Press
Angéline Afanoukoe
Tel. : +33 (0)1 73 23 84 12
Angeline.afanoukoe@nexans.com
Investor relations
Michel Gédéon
Tel.: +33 (0)1 73 23 85 31
Michel.gedeon@nexans.com
 
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