Statoil to Award Service Companies Contracts Worth Over $1.4B



Statoil to Award Service Companies Contracts Worth Over $1.4B
Statoil, on behalf of the Johan Sverdrup partnership, will award service contracts to Aibel, and a joint venture of Aker Solutions and Kværner, worth a total estimated value of more than $1.4 billion.

Statoil, on behalf of the Johan Sverdrup partnership, will award service contracts to Aibel, and a joint venture of Aker Solutions and Kværner, worth a total estimated value of more than $1.4 billion (NOK 11 billion).

A letter of intent (LoI) has been signed with Aibel for the construction of the processing platform topside for phase 2 of the Johan Sverdrup project, with a separate LoI issued to Aker and Kværner for field center modifications.

The value of the contracts to be awarded to Aibel and Aker-Kværner are approximately $1 billion (NOK 8 billion) and $435 million (NOK 3.4 billion), respectively.  

Phase 1 of the Johan Sverdrup development is planned to startup in late 2019, according to Statoil. Production start for phase 2 is planned in 2022.

“Signing these two agreements involving three of our main suppliers from phase 1 expresses our desire to build on the experiences, collaboration and skill-sets developed into the second phase of the project,” Kjetel Digre, senior vice president for Johan Sverdrup in Statoil, said in a company statement.

“This should give us a good starting point to deliver Johan Sverdrup phase 2 safely, with quality and on budget,” Digre added.



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