Oil and gas engineering firm Kvaerner has signed a letter of intent with Statoil for the delivery of steel jackets to the Johan Sverdrup development.
The deal, worth around $490million, sets out the delivery of two of the planned jackets for the first development stage of the Norwegian North Sea field, together with engineering, procurement and construction services.
Kvaerner’s jackets will form base of two of four initial platforms: one for the riser platform, due for delivery in the summer of 2017; and one for the drilling platform, to be delivered in the spring of 2018.
Project management will be based at Kvaerner’s jacket-facility in Verdal, Norway, and the assembly will take place from Q1 2016.
“It is highly pleasing that Kvaerner has managed to come up with a competitive and forward-looking delivery model,” said Helge Lund, Statoil chief executive.
“By so doing, Kvaerner has demonstrated that cost-reduction measures and increased efficiency do bear fruit.
“Safe and cost-effective resource utilisation and long-term value creation are our most important tasks.”
The frame agreement between Statoil and Kvaerner, ongoing until 2020, includes front end engineering design (FEED) studies, detail engineering, procurement, fabrication and project management for deliveries of steel jacket substructures to Statoil-operated fields at the Norwegian Continental Shelf.
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