SBM Offshore said on Dec. 6 it has been awarded a contract from Statoil ASA (NYSE: STO) to proceed with the engineering, procurement, construction work scope for a large-scale turret mooring system for its Johan Castberg development in Norway.
The Castberg turret mooring system allows a vessel to rotate around the fixed part of a seabed and is suitable for operating in harsh conditions.
The Johan Castberg (formerly Skrugard) development is situated in the Barents Sea, approximately 100 km (62 miles) north of the Snøhvit Field. The turret is planned to be delivered in modules in early 2020, will be moored in c. 370 m (984 ft) water depth and will have a capacity to accommodate 21 risers.
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