Major Statoil contracts to Kvaerner Verdal

On behalf of the Johan Sverdrup licence, Norway's Statoil has awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A. The contract awarded to Kvaerner Verdal has a value of approximately NOK 1 billion. It covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup processing platform. Weighing 17,700 tonnes, the jacket will be constructed at the yard in Verdal and installed on the Johan Sverdrup field in the summer of 2018.

 

“This is the third delivery based on the letter of intent signed by Statoil and Kvaerner for delivery of jackets. This means that Kvaerner will deliver 3 of 4 jackets for the first phase of the Johan Sverdrup development,” says Kjetel Digre, senior vice president for the Johan Sverdrup development project.

“Having documented learning and synergies in connection with existing contracts, Kvaerner has become the supplier of these three jackets and will contribute to improved competitiveness and maximised value creation from Johan Sverdrup,” says Digre.

The contract awarded to Dragados Offshore S.A. covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup utility and accommodation platform. Weighing 7,600 tonnes, the jacket will be constructed at the yard in Cadiz. Field installation is scheduled for the summer of 2018.

The investment costs in the first phase of the Johan Sverdrup development are estimated to be in the order of NOK 117 billion (2015 value) with expected recoverable resources in the range of 1.4 – 2.4 billion barrels of oil equivalent. The ambition is a recovery rate of 70% for Johan Sverdrup.

The first phase of the Johan Sverdrup field development will consist of four installations, including a utility and accommodation platform, a processing platform, a drilling platform and a riser platform, as well as three subsea water injection templates. The platforms will be bridge-linked.

The Johan Sverdrup field partners: Statoil 40.0267% (operator), Lundin Norway 22.6%, Petoro 17.36%, Det norske oljeselskap 11.5733% and Maersk Oil 8.44%.​​​

(NRK/Press release)

 

17°C

Norway

Sunny

Humidity: 87%

Wind: 22.53 km/h

  • 16 Aug 2017 24°C 14°C
  • 17 Aug 2017 25°C 10°C
Banner 468 x 60 px