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Kvaerner Wins Jacket EPSC Gig at Hild Field

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Total E&P Norge AS has awarded Kvaerner an EPSC-contract (Engineering, Procurement, Supply and Construction) of close to $200 million (NOK 1.2 billion) for delivery of a steel jacket to be located at the Hild Field offshore the Norwegian North Sea.

"We are very pleased to have won our second jacket this year in tough international competition. This is in line with our strategy, and demonstrates our strong position in the jacket EPC market," said Nina Udnes Tronstad, Executive Vice President in Kvaerner responsible for the jacket business.

The contract will be executed by Kvaerner's yard in Verdal, and includes engineering, procurement, supply, construction, load-out and sea-fastening of the jacket and associated piles. The jacket (16 500 tonnes) and piles will have a total weight of approximately 21 400 tonnes.

Detailed engineering starts immediately, while fabrication in Verdal will commence in fourth quarter 2012. The project will reach its peak manpower of more than 400 persons in third quarter 2013. The Hild jacket will be delivered in the spring of 2014, and becomes number 42 in the series of jackets delivered by Kvaerner since 1975.

Kvaerner's yard in Verdal is one of the few yards in Europe specializing in EPC jacket deliveries, with altogether five oil and gas jackets currently in execution for ConocoPhillips in Norway, BP in UK and and the recently awarded Luno jacket for Lundin Norway AS, in addition to 49 jackets for the offshore wind farm project Nordsee Ost for RWE Innogy in Germany.

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