Statoil awarded FMC Technologies a US$172 million engineering, procurement, and construction (EPC) contract for Phase 1 of the Johan Sverdrup field.
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The Johan Sverdrup field center. Image from Statoil. |
The contract has an estimated value of $172 million in revenue and includes subsea trees, subsea wellheads, manifolds, and control systems integration.
A frame agreement for add-on systems and a frame agreement for subsea service offerings have also been signed.
Statoil’s Johan Sverdrup field will be the largest offshore oil find in Norway in 30 years, and it is estimated to hold 1.7 billion to 3.0 billion boe. The field is expected to produce 550,000-650,000 boe/d when fully developed, equal to about 25% of current domestic output. Production is slated to start in late 2019.
“FMC Technologies’ long history of working with Statoil and proven track record for delivering leading-edge technologies made us a strong candidate for this award,” said Tore Halvorsen, senior vice president, Subsea Technologies. “We are excited to play a large role in what will most certainly be one of the most important developments in the region for generations to come.”
Earlier this week, both ABB and IKM Ocean Design were awarded contracts for the Johan Sverdrup project.
Sweden’s ABB has won a $90 million contract to supply a two-cable high-voltage system to power, from shore, for the Johan Sverdrup field.
On behalf of operator Gassco, Statoil awarded IKM an EPC contract for the Johan Sverdrup gooseneck spool and retrofit hot-tap tee.
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