Odfjell Wins Drilling Engineering Contract for Johan Sverdrup

Norway's Odfjell Drilling announced Wednesday that it has been awarded a drilling engineering subcontract for the Johan Sverdrup field development in the Norwegian North Sea by Aibel.

Aibel itself was named by Statoil Tuesday as the winner of the engineering, procurement and construction contract for the drilling platform topside for the Johan Sverdrup development.

Odfjell said its contract will run until 2018 and will involve approximately 50 engineering professionals working various degrees in the project. The contract has an estimated value of about $14 million.

The overall topside project will involve more than 3,000 associates at its peak, and is estimated to last for three years. The handover of the finished platform topside will be in the second quarter of 2018. The total contract has an estimated value of $1 billion.

Kurt Meinert Fjell, executive vice president of Odfjell Drilling Technology, commented in a company statement:

"We are delighted with this contract award from Aibel and the confidence they have shown to our capacity and competence in drilling facility engineering. Odfjell Drilling has worked systematically to build a capacity in drilling facility engineering for new field developments.

"Our cooperation with WilliamJacob Management in Houston is a key element in this strategy. The award of the Johan Sverdrup contract is a milestone in our development as a leading drilling facility engineering provider. By choosing Odfjell Drilling, Statoil and Aibel will benefit from our more than 40 years' experience in design, development and operation of offshore drilling facilities."



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