STOCKHOLM, Sweden, Feb. 8, 2002 (PRIMEZONE) -- NCC Norway and Statoil have signed a letter of intent regarding the leveling and planning of an industrial site as part of the Snohvit gas project at Melkeoya, near Hammerfest in Finnmark, Norway. The order is worth approximately SEK 570 million (approximately NOK 510 million).
The Snohvit project is one of the largest land-based civil engineering projects currently under way in Scandinavia. The new industrial site, part of which is currently under water, will have a storage capacity of approximately 2.5 million cubic meters. This is an extremely extensive assignment that, in addition to leveling and planning work, includes dredging and the construction of quays, docks and water tunnels.
A precondition for starting the project is that the Norwegian Parliament approve expansion of Snohvit, which will probably occur at the beginning of March. The intention is to initiate civil engineering work immediately after the Norwegian Parliament makes its decision.
"We have successful experience of similar projects," says Hans Evensen, Chief Engineer at NCC Norway.
Planning of the site is expected to take a year, following which installation of the process plant and four gas storage tanks can commence.
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NCC is one of the leading construction and property development companies in the Nordic region. NCC has annual sales of approximately SEK 45 billion, with 27,000 employees.
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