$23m agreement

ABB has signed a framework agreement worth up to $23m for modification and maintenance of telecommunications systems for all of Statoil's offshore installations. The three-year agreement (with an option for an extra year) covers internal and external telecommunications systems for Statoil's offshore operations on the Norwegian continental shelf.

ABB's oil, gas and petrochemical business unit is responsible for the agreement, which in addition to maintenance, includes pilot studies, construction, testing, installation and commissioning of modifications to telecommunications systems on all of Statoil's offshore installations.