Kvaerner Wins USD 107 mln Johan Sverdrup Work

Norway's Kvaerner announced that it has signed a contract worth approximately $107 million (NOK 900 million) with Equinor for the delivery of a steel substructure for the Johan Sverdrup Phase 2 process platform.

“With this contract, Kværner and the Norwegian supplier industry has once again proved it is competitive in an international market. In the first phase of the Johan Sverdrup development more than 70% of the contracts were awarded to suppliers in Norway. With this contract to Kværner, we expect an even higher share of Norwegian suppliers in the second phase of the development,” said Trond Bokn, senior vice president for the Johan Sverdrup development.

This is an EPC contract covering engineering, procurement and construction of the steel substructure for the second processing platform for the Johan Sverdrup field. The 12,300-tonne substructure will be constructed at Kværner’s yard in Verdal and installed at the Johan Sverdrup field during the spring of 2021.

“The Johan Sverdrup phase 2 contracts awarded earlier this year will ensure activity at many yards along the Norwegian coast in the years to come – primarily in Haugesund and Egersund and at Stord. With this jacket contract we can now also add Verdal to this list”, he says.

Kværner’s offices at Fornebu will be responsible for engineering and design services. The contract will create around 300 direct jobs in the construction period.

Both Johan Sverdrup phases combined are, according to the consultancy Agenda Kaupang, estimated to involve more than 150,000 man-years in the period 2015-2025.

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