Aibel Wins $1B Johan Sverdrup Deck Construction Contract

Norway's Statoil announced Tuesday that it has awarded Aibel the $1-billion contract to construct the deck for the Johan Sverdrup field's drilling platform.

The contract includes engineering work, procurement and construction (EPC) of the drilling platform deck. Engineering design will be undertaken at Aibel's office in Asker outside Oslo

The platform deck will be built at the Aibel's yard in Thailand and Haugesund, and at Nymo's yard in Grimstad. Assembly and mechanical completion of the deck will be carried out at the Aibel's yard in Haugesund with delivery in 2018. Installation on the field is planned for the same year.

"The Johan Sverdrup field is one of the biggest discoveries on the Norwegian Continental Shelf that will, for its entire lifetime, be a pillar for Norwegian industry and value creation for the Norwegian society. On behalf of the partnership we are looking forward to a close cooperation with Aibel in order to ensure a safe and efficient delivery of this project," Arne Sigve Nylund, Statoil's executive vice president of Development & Production Norway, said in a company statement.

Investment costs for Johan Sverdrup's full field develop are estimated to be between $22.1 billion and $28.6 billion, while recoverable resources are estimated at between 1.7 billion and 3 billion barrels of oil equivalent.

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