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ABB wins 91 million pounds Statoil power contract

Reuters
Logos of Swiss industrial group ABB are seen at an office building in Zurich July 25, 2013. REUTERS/Arnd Wiegmann

OSLO (Reuters) - Swiss engineering group ABB (ABBN.VX) has won a 1.1 billion crown (91 million pounds) contract from Norway's Statoil (STL.OL) to supply power equipment for the giant Johan Sverdrup oilfield in the North Sea, 200 kilometres offshore, Statoil said on Monday.

Statoil will supply the first phase of Sverdrup with power from the shore and ABB will deliver equipment for both the offshore platform and the onshore facility.

Statoil added that total cost of the power supply to phase 1 of the projects is around 6 billion crowns.

ABB will deliver the equipment in the first half of 2017.

(Reporting by Balazs Koranyi, editing by Terje Solsvik)