Statoil Awards Contracts Worth NOK 1.6 Billion

Published at 10:12AM - 03/02/16

Statoil awards contracts worth NOK 1.6 billion as it looks to develop its offshore oil and gas platform Oseberg Vestflanken 2.

Contracts have been awarded to four companies: Aibel; Hereema; Ocean Installer and Technip.

Statoil VP for project development said: “We are very pleased to be able to award these contracts now to suppliers that all have a good track record for Statoil,”

Statoil Awards Contracts Worth NOK 1.6 Billion

Norwegian based Aibel has been awarded a contract worth around NOK 200 million (US$ 23m), that will see them provide work to the Oseberg Field Centre, from engineering through procurement and construction to installation (EPCI), in preparation for the tie-back from Oseberg Vestflanken 2.

Dutch based Hereema Fabrication Group have been awarded a contract worth approximately NOK 800 million (US$ 92m), that will see them provide the Oseberg Vestflanken 2 platform itself.

Heerema Fabrication will conduct all engineering, procurement and construction (EPC) of the Oseberg Vestflanken 2 well head platform, whilst Heerema Marine will supply transportation of the new platform out to location.

Norwegian subsea specialists Ocean Installer have won a combined contract worth NOK 200 million (US$ 23m), that will see them complete subsea construction and installation work on Oseberg Vestflanken 2, Gina Krog and the giant Johan Sverdrup field.

French based Technip have been tasked with laying subsea pipelines between the Oseberg Vestflanken 2 and Johan Sverdrup fields, in a contract worth NOK 400 million (US$ 46m).

Oseberg Vestflanken 2

The Oseberg Vestflanken 2 will be an unmanned wellhead platform that will be located approximately 8 kilometres northwest of the main Oseberg field centre, in a water depth of 110 metres.

Statoil claim that the field contains reserves of approximately 110 million barrels of oil equivalent, has a production life to 2040, and will be profitable even in a continued low oil price scenario.

The Norwegian oil and gas major further claim that the chosen unmanned design; containing no accommodation, helicopter deck, or lifeboats; already heavily used in both Dutch and Danish sectors represents a new cheaper solution for the development and production of smaller offshore oil and gas fields.