Statoil AS has signed letters of intent for two projects in Phase 2 development of giant Johan Sverdrup oil field in the Norwegian North Sea (OGJ Online, Mar. 21, 2017).
One letter is with Aibel, Stavanger, covering engineering, procurement, and construction of the topside for the field’s second processing platform. At start-up planned for 2022, the platform will increase the field’s production capacity to 660,000 b/d of oil from 440,000 b/d. The contract value is about $1.02 billion.
The other letter, with a 50-50 joint venture of Aker Solutions and Kvaerner, covers engineering, procurement, and construction of a utility module for the riser platform, field-center modifications, and installation and hook-up. Contract value is about $430 million.
Statoil expects to award the contracts later this year, subject to government approval of the Phase 2 development and operation plan to be submitted in this year’s second half.
Statoil operates the project with a 40.0267% interest. Partners are Lundin Norway, 22.6%; Petoro, 17.36%; AkerBP, 11.5733%; and Maersk Oil, 8.44%.
