Tax agreement reached on waterflooding

Tax terms were modified to make them better suited to the project’s character. This took account of the fact that possible revenues from improved recovery because of water injection would come at a later date – perhaps not until well into the 1990s.

In addition, the project was classified as research. Emphasis was also given to the consideration that two-thirds of the estimated NOK 12-15 billion cost in 1983 value would go to Norwegian industry. That was welcome at a difficult time for Norway’s fabricators.[REMOVE]Fotnote: Kvendseth, Stig S, Giant Discovery. A History of Ekofisk Through the First 20 Years, 1988: 196.

Contracts for the new Ekofisk 2/4 K waterflood platform were awarded during the autumn of 1983 and the following spring. A number of them went to Norwegian yards, with Aker Verdal winning the NOK 320 million jacket job.

Haugesund Mekaniske Verksted secured the module support frame, worth NOK 210 million, while the NOK 100 million accommodation module order was awarded to Kristiansand Mekaniske Verksted.

Lifting the latter structure into place on 6 August 1986 meant that the whole of Ekofisk 2/4 K was in place.[REMOVE]Fotnote: Phillips Revyen, ”Vanninjisering”.