Aker Solutions has secured EPC contracts from Statoil for Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea.

The contracts have a combined estimated value of Nkr1.5bn-Nkr2bn ($190.77m-$254.36m).

Under the contracts, Aker will provide subsea production systems and services, as well as installation and commissioning support services for the projects.

Statoil project development senior vice-president Torger Rød said: “The Troll field is key to the role of the Norwegian Continental Shelf (NCS) as a gas exporter to Europe. Thanks to Troll Phase 3, we may maintain this role for decades to come.

“Located in the Barents Sea, Askeladd will provide feedstock for the Snøhvit LNG plant at Melkøya off the coast of Hammerfest.”

An investment decision for Askeladd is expected in March.

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By GlobalData
“Troll field is key to the role of the NCS as a gas exporter to Europe and thanks to phase three, we may maintain this role for decades.”

The project is set to be part of the existing plan for development and operation (PDO) for the Snøhvit field.

According to Statoil, the contract award is conditional upon the Snøhvit partnership’s investment decision.

Statoil chief procurement officer Pål Eitrheim said: “The contract with Aker Solutions focuses on standardisation, simplified requirements and a sustainable cost level.

“This provides a solid foundation, not just for project implementation, but also for safe and efficient Troll and Askeladd operations.”

Meanwhile, the Troll partnership is expected to make an investment decision and submit the PDO in the third quarter of this year.

Scheduled to come on-stream in the second quarter of 2021, Troll Phase 3 project includes development of large gas reserves in the western part of Troll field.