Kvaerner has signed a framework agreement with Statoil, on behalf of partners, for upgrading of the Njord A semisubmersible platform. At the same time, Statoil has made the first call-off from the framework agreement with an estimated value of US$14.4 million (NOK 120 million).
Due to insufficient structural integrity for future operations and drilling, the Njord A Platform will be towed to shore in 2016. In addition, the yard-stay period will be used for a general upgrade of the platform.
The project framework agreement (PFA) signed by Statoil and Kvaerner is based on a project execution plan, where Statoil at key milestones has the option to call-off the execution of further phases. The options for further scope of work include yard stay at Kvaerner Stord prior to final investment decision, execution of EPC phase for platform upgrade and various modifications and services to Statoil.
The first call-off from the frame agreement was made today for the front-end engineering and design (FEED) of the project. Engineering will be executed by Aker Solutions MMO as a subcontractor in an integrated team with Kvaerner.