Nexans has secured a EUR 16 million contract with Statoil to engineer and supply a 16.5km subsea power umbilical that will be used to connect the Gullfaks C platform in the North Sea to its subsea compression and processing equipment. The Gullfaks project, located 160km west of Sognefjorden, Norway, is the second largest subsea gas compression project planned by Statoil, after the Asgard subsea gas compression- project. The field comprises several subsea templates at a depth of 135m. Statoil plans to install a subsea compressor that will facilitate the compression and transportation of gas. Subsea gas compression forms part of Statoil's ambition to develop the necessary elements required to create the 'subsea factory' to pave the way towards oil and gas exploration in the Arctic and other deepwater regions.