Johan Castberg FPSO Topside Work Begins
Kvaerner revealed Wednesday that it is cutting first steel today for the topside of Equinor’s Johan Castberg floating production storage and offloading (FPSO) vessel.
The company signed a contract with Equinor for fabrication of the topside modules for the Johan Castberg FPSO, plus hook-up and integration of the topside modules with the hull, in February this year. The contract is expected to generate work for approximately 4,800 people, according to Kvaerner.
“Johan Castberg is an important project for Kvaerner and the Norwegian supplier industry because it enables us to further develop our expertise in constructing floating production vessels, which is expected to be the preferred platform type for future developments in the Barents Sea,” Karl-Petter Loken, CEO of Kvaerner, said in a company statement.
“As such, you could say that Equinor’s Johan Castberg is a valuable springboard for future development requirements in the Barents Sea, which will be a very important region for Kvaerner with regards to future activity at our Norwegian facilities,” he added.
Anders Opedal, Equinor’s executive vice president for technology, projects and drilling, said Johan Castberg “is the next major development on the Norwegian continental shelf and will open a new area in the Barents Sea for Equinor”.
Johan Castberg development costs are estimated at around $5.7 billion [NOK 49 billion], according to Equinor’s website, which states that the jobs generated nationwide during the development are estimated at slightly less than 47,000 man-years.
The Johan Castberg partnership includes Equinor (50 percent), Eni (30 percent) and Petoro (20 percent).
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