Statoil has awarded a contract to Kvaerner Verdal worth NOK 2billion for delivery of the riser platform jacket for the Johan Sverdrup field.
The company made the announcement on behalf of the Johan Sverdrup licence partners.
The platform jacket its scheduled for delivery in the summer of 2017.
The contract is an execution of parts of the LOI (Letter of Intent) which Statoil entered into with Kvaerner in 2014 for delivery of two of the four jackets for the Johan Sverdrup field development.
Arne Sigve Nylund, executive vice president for Development and Production Norway , said: “The Johan Sverdrup field is one of the biggest discoveries on the Norwegian continental shelf (NCS) and will be a building block for Norwegian industry and value creation throughout the field’s life.
“Statoil has prepared an ambitious plan for development and operation, with scheduled start-up in 2019. “
The first phase of the field development consists of four installations and jackets and comprises an accommodation platform, a drilling platform, a riser platform and a processing platform.
On plateau, the field production will constitute 25% of the total NCS production.
Statoil said its ambition is to recover 70% of the reserves from a 50-year perspective.
For more oil and gas news click here.