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 (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.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.