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Statoil, Kvaerner Sign Johan Sverdrup Jacket Contract

20/01/2015 by Sharon Shahzad

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Statoil has awarded a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup field.
Scheduled for delivery in the summer of 2017, the jacket’s contract value is close to NOK 2.0 billion.

The contract is an execution of parts of the letter of intent which Statoil entered into with Kværner in 2014 for delivery of two of the four jackets for the Johan Sverdrup field development.

“The Johan Sverdrup field is one of the biggest discoveries on the Norwegian continental shelf (NCS) and will be a building block for Norwegian industry and value creation throughout the field’s life.”

“Statoil has prepared an ambitious plan for development and operation, with scheduled start-up in 2019. The contract with Kværner Verdal represents a significant step towards realizing our high Johan Sverdrup ambitions,” says Arne Sigve Nylund, executive vice president for Development and Production Norway in Statoil.

The engineering for the new jacket has started at Kvaerner’s offices in Oslo. The project management will be based at the company’s specialised jacket-facility in Verdal in Mid-Norway. This is also where fabrication will be performed, and where the assembly will take place from the first quarter of 2016.

“We are very pleased with the contract we have signed with Kværner. We cooperate closely with the company through the framework agreement. During the engineering period that started last summer Kværner has demonstrated its competitiveness in an international market. Statoil’s task is to deliver safe and efficient use of resources, and we are pleased to see that Kværner contributes in this regard through a competitive and future-oriented delivery model,” says Margaret Øvrum, executive vice president for Technology, Projects and Drilling in Statoil.

This article has been extracted from http://subseaworldnews.com, please click on this link to read the article in full http://subseaworldnews.com/2015/01/20/statoil-kvaerner-sign-johan-sverdrup-jacket-contract/

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