Statoil awards EPC contract

On behalf of the Johan Sverdrup partnership, Statoil has awarded an EPC contract for subsea equipment for the Johan Sverdrup project to FMC Kongsberg Subsea AS.

The contract has an estimated value of NOK 1.3 billion, and includes deliveries of 13 subsea trees and wellheads, and three subsea templates and control systems.

“The subsea equipment, which will be delivered from FMC Technologies, makes up an important part of the Johan Sverdrup development. The subsea equipment enables reinjection of sea water and produced water into the Johan Sverdrup reservoir when we have started production. In this way, we will achieve maximum recovery and value creation from the Johan Sverdrup resources. At the same time, this is a favourable environmental solution, as we will minimise discharges to sea from the field,” commented Senior Vice President for the Johan Sverdrup Development Project, Kjetel Digre.

In addition, contracts have been awarded for aftermarket services and additional components related to the Johan Sverdrup field.

In the first phase of the Johan Sverdrup development, three standard templates will be installed north and south of the field centre, on water depths of 110 to 120 m. The subsea templates will be controlled and supplied with produced water or seawater through pipelines from the field centre.

The investment costs in the first phase of the Johan Sverdrup development are estimated at around NOK 117 billion (2015 value), with expected recoverable resources in the range of 1.4 - 2.4 billion boe.

Edited from press release by Angharad Lock

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/21092015/statoil-awards-epc-contract-1432/