Oil Platform Hook-up, Commissioning Contract for Kvaerner

Press Release
Friday, September 07, 2012

Norway's Kværner ASA contracted to perform Edvard Grieg field (in the North Sea) offshore hook-up and commissioning assistance.

Lundin Norway AS has confirmed an option in the Edvard Grieg topside contract for Kvaerner to perform the offshore hook-up and commissioning assistance. Estimated value is NOK 525 million.

Kvaerner was in May awarded a contract by Lundin Norway AS to perform engineering, procurement and construction (EPC) of the topside for the Edvard Grieg platform, with an estimated contract value of NOK 8 billion. Lundin Norway AS has now confirmed an option in the contract to perform offshore hook-up and commissioning assistance, which will add approximately NOK 525 million to the contract value.

The topside has a total weight of 21 000 tonnes and consists of a main topside module, a combined living quarter and utility module, a process module and a flare tower. Final delivery is set to April 2015.

The Edvard Grieg field's first production is expected in late 2015, with a forecast gross peak production of approximately 90,000 barrels of oil per day (bopd). The oil will be processed and transported in a new pipeline to the Grane area and further via the Grane oil pipeline to the Sture terminal for offloading.


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