Nexans has received a letter of intent from ABB for the supply of 165km of umbilical cables and 26.5km of submarine control cables. The amount of this contract is about EUR 41 million. The cables will ensure the distribution of electricity, communications and hydraulics/chemicals to the Snohvit gas field project located in Norway. Testing and development work on the cables will start immediately, while the cable production itself will start in 2004. In order to simplify the installation, the cables will be put on a barge and transported to the North of Norway once they are ready. Nexans will deliver the cables at the beginning of 2005, already on the turntable of the barge, in Nexans’ factory at Halden (Norway), where they will be picked up by ABB and towed to Hammerfest. It is of great importance to the end customer, Statoil, that the cables are available to be laid during spring/summer of 2005 so that they can be installed when the weather is good.