A privately owned company, founded by the Andersen family in 1916, Fayard, assisted Technip Norge AS and Statoil in the Module Handling System (MHS) and Special Handling System (SHS) heavy installations on board the North Sea Giant.
It’s a purpose-built system for installation and recovery of heavy subsea compression modules (up to 400 Tons) in adverse sea states (wave height: Hs 4.5m).
The installations are to be used for the Asgard Subsea Compression Stations project of Statoil.
In February 2014, Technip was awarded a contract by Statoil for intervention services on the Asgard Subsea Compression Stations.
The award is a call-off of options under the Asgard Subsea Compression Marine Operations contract.
Ranking among the largest developments on the Norwegian continental shelf, the Asgard field lies on the Halten Bank in the Norwegian Sea, about 200 kilometers off Norway. The Asgard subsea compression facility is the world’s first project of its kind.