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February 24, 2015

Aibel wins $1.05bn contract from Statoil for Johan Sverdrup platform deck

Aibel has secured a contract worth Nkr8bn ($1.05bn) from Statoil to build a drilling platform for the Johan Sverdrup field in the Norwegian North Sea.

By admin-demo

John sverdrup

Aibel has secured a contract worth Nkr8bn ($1.05bn) from Statoil to build a drilling platform for the Johan Sverdrup field in the Norwegian North Sea.

The contract includes engineering, procurement and construction of the drilling platform deck. Aibel will undertake the work from its Oslo branch in Norway.

The platform deck for the drilling platform will feature three modules. Aibel will construct the largest module, the main support frame, at its yard in Thailand.

The company will build the drilling support module, which is the second largest, at its yard in Haugesund.

"The Johan Sverdrup field is one of the biggest discoveries on the Norwegian Continental Shelf that will, be a pillar for Norwegian industry and value creation for the Norwegian society."

Aibel’s partner Nymo will construct the final module, the drilling equipment set, in Grimstad.

Work on combining the three modules is due to commence in the autumn of 2017 and the completed platform will be delivered in the second quarter of 2018.

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The Johan Sverdrup field, which is expected to cost in the range of Nkr170bn ($22.3bn) to Nkr220bn ($28.8bn), is estimated to hold 1.7 billion to three billion barrels of oil equivalent.

At plateau production, the field will account for about 40% of the total oil production on the Norwegian continental shelf. It is expected to start operations in late-2019.

Statoil executive vice-president of Norway development and production Arne Sigve Nylund said: "The Johan Sverdrup field is one of the biggest discoveries on the Norwegian continental shelf that will, for its entire lifetime, be a pillar for Norwegian industry and value creation for the Norwegian society.

"On behalf of the partnership, we are looking forward to a close cooperation with Aibel in order to ensure a safe and efficient delivery of this project."


Image: The Johan Sverdrup field is estimated to hold 1.7 billion to three billion barrels of oil equivalent. Photo: courtesy of Statoil.

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