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Aibel wins large Njord Bravo contract

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Oilfield Technology,

Statoil has awarded Aibel the contract for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit (FSU) of as a part of Statoil’s “Njord Future Project”.

The contract is a fabrication contract with an estimated value of approx. NOK 1.3 billion. Aibel will have overall responsibility for fabrication, installation, construction, shop engineering and procurement as required to achieve mechanical completion on the FSU. In addition, Aibel will assist Statoil with commissioning services.

The contract will be managed from Haugesund under the portfolio of Modifications & Yard Services. 

“This is a substantial contract for Aibel, and it confirms our leading position within large modification assignments on Norwegian continental shelf. Over the past years, improvements have been on top of our agenda, and at the same time, we are known for our expertise and experienced workers in this specific segment. This gives us an excellent starting point for a safe and efficient execution of the project, which also will serve as a good reference in a market with increased demand for expertise within modifications in order to extend lifetime on existing installations or to secure tie-inn of new fields,” says CEO in Aibel, Mads Andersen. 

Aibel has solid experience from similar assignments on other floating production and storage vessels such as BP’s Glen Lyon (2016) and Teekay’s Petrojarl 1 (2017).

Preparatory work starts up immediately, and the FSU is expected to arrive Aibel’s yard in Haugesund in beginning of July 2018. At peak, the project will engage up to 600 employees. The Njord Bravo FSU is scheduled to be delivered in the spring of 2020. The contract also includes an option for offshore work on Njord Bravo in connection with the hook-up on the field.

Partners at the Njord field are DEA Norge AS (50%), Neptun Energy (20%), Statoil P. ASA (20%), Faroe Petroleum Norge (7.5%) and VNG Norge (2.5%).

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