The awarded work is required to finalise the technical definition of the proposed development prior to Equinor and its partners making the final investment decision (FID) planned late 2022. The FEED study will begin immediately.
Subsea 7 has recognised the FEED award in its order backlog in 1Q22.
Project management and engineering will take place in the company's offices in Stavanger and Aberdeen. Offshore installation activities are scheduled for 2024, 2025 and 2026.
Monica Bjørkmann, Vice President for Subsea 7 Norway said: “This award continues our long-standing collaboration with Equinor. The study enables Subsea 7 to engage early in the field development process, optimising design solutions and contributing to the final investment decision. We are delighted to be a trusted partner for Krafla field development, and we look forward to working closely with Equinor to successfully deliver our scope with safety and quality at the forefront throughout.”
Read the latest issue of Oilfield Technology in full for free: Issue 4 2021
The issue starts with a report from Rystad Energy focusing on the outlook for the upstream industry in the Middle East. The rest of the issue is dedicated to features covering production optimisation, drill bits, pipeline integrity, health and safety, and more.
Exclusive contributions come from Varel Energy Solutions, Rystad Energy, Gyrodata, 3X Engineering, Tracerco, Ulterra Drilling Technologies and more.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/07032022/subsea-7-awarded-krafla-project-feed-contract/
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