On behalf of the Johan Sverdrup license partners, Statoil is awarding a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup Field.
Scheduled for delivery in the summer of 2017, the jacket's contract value is close to NOK 2 billion (US$263 million).
The contract is an execution of parts of the letter of intent which Statoil entered into with Kværner in 2014 for delivery of two of the four jackets for the Johan Sverdrup Field development.
The first phase of the field development consists of four installations and jackets and comprises an accommodation platform, a drilling platform, a riser platform and a processing platform.
On plateau, the field production will constitute 25% of the total Norwegian Continental Shelf production. Statoil’s ambition is to recover 70% of the reserves from a 50-year perspective.
This contract award is contingent on an investment decision for the Johan Sverdrup development scheduled for February 2015 and is subject to the Storting’s (the Norwegian parliament’s) approval of the plan for development and operation.
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