Statoil awards two Johan Sverdrup jacket contracts

Statoil has awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore. 

The contract awarded to Kvaerner Verdal has a value of approximately US$122.8 million (NOK 1 billion) and covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup processing platform. Weighing 17,700-tonne, the jacket will be constructed at the yard in Verdal and installed on the Johan Sverdrup field in the summer of 2018.

The contract awarded to Dragados Offshore covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup utility and accommodation platform. Weighing 7600-tonne, the jacket will be constructed at the yard in Cadiz. Field installation is scheduled for the summer of 2018.

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. The platforms will be bridge-linked.

The investment costs in the first phase of the Johan Sverdrup development are estimated to be in the order of $14.3 billion (NOK 117 billion) with expected recoverable resources in the range of 1.4 – 2.4 billion boe. The ambition is a recovery rate of 70% for Johan Sverdrup.

Johan Sverdrup field partners are Lundin Norway (22.6%), Petoro (17.36%), Det norske oljeselskap (11.5733%), Maersk Oil (8.44%), and Statoil (40.0267%) as operator.

Image: Johan Sverdrup/Statoil