Statoil Awards Johan Sverdrup NOK 6.7b Topside Contract

Published at 10:56AM - 08/06/15

Norwegian State major Statoil has awarded a contract for the engineering, procurement and construction (EPC) of its Johan Sverdrup Topside modules.

The deal said to be worth NOK 6.7 billion (£553 million / US$ 843 million), for all living quarter and utility modules, has been signed by a joint venture between US based KBR and Norwegian based Kvaerner.

KBR will undertake all design and engineering of the utility module and also the procurement its equipment, whilst Kvaerner will oversee its construction by subcontractors in Poland.

The accommodation module will be subcontracted out, to be constructed by Norwegian based firm, Apply, at both their Leirvik’s yard in Stord Norway and their Emtunga, Sweden yard. 

The contract between Statoil and the KBR – Kvaerner joint venture, also includes options for both offshore hook-up and commissioning assistance

The delivery and installation of both modules is scheduled for the first quarter of 2019, with the accommodation module and utility module weighing in at 9,300 tonnes and 9,700 tonnes respectively.

The Worlds largest vessel, the Allseas’ Pioneering Spirit, has also been scheduled around the same time, for the installation of both modules.

Once operational, the Johan Sverdrup will be able to accommodate 560 personnel- the largest in Norwegian waters, and is planned to have an operational live of at least 50 years.

The total investment to date in the Johan Sverdrup development is believed to be in the region of NOK 117 billion (£9.7billion / US$14.7 billion).  With production expected to come on-stream towards the end of 2019, Statoil and its partners are aiming to have daily production that accounts for at least 25% of all Norwegian oil and gas production, and a total of 1.4 – 2.4 billion boe.

The licences of the Johan Sverdrup are joint owned by Statoil, Det Norske oljeselskap, Petoro, Lundin Norway and Maersk Oil.  Statoil will be the field operator.

 

Last updated on 08:50AM - 10/06/15