Kvaerner has secured a contract, worth approximately NOK3bn ($490m), to supply two steel jacket substructures for Statoil’s Johan Sverdrup development on the Norwegian shelf.

The company has signed a letter of intent (LoI) to deliver the steel jackets for the North Sea and entered a frame agreement for further units up until 2020.

Statoil is the operator of the Johan Svedrup field, which is located at a water depth of 120m off the west coast of Norway.

The first development phase of the field includes the establishment of infrastructure and a field centre featuring four offshore platforms based on steel jacket substructures that will stand on the seabed.

The deal includes the riser platform and drilling platform, which Statoil claims are the two largest steel jackets at the field centre.

The jacket for the riser platform is scheduled for delivery in mid-2017 and the drilling platform jacket in early 2018.

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By GlobalData

Statoil said the LoI for the first two platforms on the Johan Sverdrup field is contingent on an investment decision for Sverdrup being reached in February 2015.

"The jacket for the riser platform is scheduled for delivery in mid-2017 and the drilling platform jacket in early 2018."

Statoil CEO Helge Lund said: "The Sverdrup development is historic and the biggest on the Norwegian continental shelf since the 1980s.

"It is an industrial development with a 50-year perspective.

"This LoI signifies a fresh step forward in planning the first phase of Johan Sverdrup."

Kvaerner is currently working in the development of Johan Sverdrup through its role as subcontractor on the field centre pre-project.

Statoil anticipates awarding the contracts for the steel jacket for the accommodation quarters in mid-2015.

Image: Illustration of Johan Sverdrup drilling platform (left) and riser platform. Photo: courtesy of Statoil.