Statoil Awards Two Johan Sverdrup Jacket Contracts

Statoil announced Thursday that it has awarded two separate contracts for Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A.

The contract awarded to Kvaerner Verdal has a value of approximately NOK 1 billion ($122.42 million) and covers the engineering, fabrication and construction of a steel jacket for the Johan Sverdrup processing platform. Dragados Offshore S.A.’s contract with Statoil covers the engineering, fabrication and construction of a steel jacket for the Johan Sverdrup utility and accommodation platform. Both jackets are scheduled to be installed on the Johan Sverdrup field in the summer of 2018.

Investment costs in the first phase of the Johan Sverdrup development are estimated to be NOK 117 billion ($14.33 billion) with expected recoverable resources in the range of 1.4 to 2.4 billion barrels of oil equivalent. The ambition is a recovery rate of 70 percent for Johan Sverdrup. The first phase of the Johan Sverdrup field development will consist of four installations, including a utility and accommodation platform, a processing platform, a drilling platform and a riser platform, as well as three subsea water injection templates.

Statoil is the operator of Johan Sverdrup with a 40.0267 percent interest. Lundin Norway holds a 22.6 percent interest, Petoro holds a 17.36 percent interest, Det norske oljeselskap holds an 11.5733 percent interest and Maersk Oil holds an 8.44 percent interest.​​​

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