Norwegian oilservice provider Sevan Marine ASA (OSL: SEVAN) said today it has been awarded an additional study contract by local company Det norske oljeselskap ASA (OSL: DETNOR) to potentially use a Sevan Marine vessel for the Froy field development in the North Sea.

The pre-front-end engineering design (FEED)/FEED study will be
performed in the first half of 2010. It will aim to mature the concept
to the level, required for entering into a potential contract and to
provide necessary input to the development plan to be submitted by Det
norske to the Norwegian authorities.

In 2009, Sevan performed a study for Det norske, aiming to demonstrate
the feasibility of the Sevan cylindrical floating production, storage
and offloading (FPSO) vessel bridge-linked to a wellhead platform.

Det norske is operator of production licence (PL) 364 Froy. The other
licensee is Premier Oil Norge, part of Premier Oil plc (LON: PMO).

Source: Sevan Marine ASA

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