Statoil awards Johan Sverdrup second-phase contracts / Energy / The Foreigner

Statoil awards Johan Sverdrup second-phase contracts. Three companies will be handling the FEED contracts for the oil field development under phase two. Aker Solutions, Kværner, and Siemens have been given the contracts for the processing platform, jacket, and power from shore, respectively. The decision by Norwegian energy giant Statoil (via the Johan Sverdrup partnership) means that another processing platform will be developed and added to the field centre.

johansverdrup, statoil, oil, gas, energy, paywall



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Statoil awards Johan Sverdrup second-phase contracts

Published on Tuesday, 21st March, 2017 at 11:21 under the energy category, by Michael Sandelson   .
Last Updated on 21st March 2017 at 12:00.

Three companies will be handling the FEED contracts for the oil field development under phase two.

Johan Sverdrup field centre illustration
Johan Sverdrup field centre illustration
Photo: Statoil


Aker Solutions, Kværner, and Siemens have been given the contracts for the processing platform, jacket, and power from shore, respectively.

The decision by Norwegian energy giant Statoil (via the Johan Sverdrup partnership) means that another processing platform will be developed and added to the field centre.

This comes in addition to Phase one’s announced four platforms, three subsea installations for water injection, power from shore, export pipeline for oil (Mongstad) and gas (Kårstø).

Development of the Avaldsnes (east), Kvitsøy (south) and Geitungen (north) satellite areas is also part of the phase two development.

These are to be phased in for processing and export on the field centre. Drilling 28 wells is planned in connection with this second stage.

Moreover, power from shore for Utsira High, scheduled for 2022, forms part of phase two as well.

The total estimated investment cost for this second phase is between NOK 40 and 55 billion (some USD 4.73-6.5bn / EUR 4.38- 6bn / GBP 3.8-5.22bn at today’s ROE).  




Published on Tuesday, 21st March, 2017 at 11:21 under the energy category, by Michael Sandelson   .
Last updated on 21st March 2017 at 12:00.

This post has the following tags: johansverdrup, statoil, oil, gas, energy, paywall.





  
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