Marine Link
Sunday, October 23, 2016

LR Awarded O&G Consulting Contract

March 4, 2014

The deal will support Aker Solution’s commitment to meet safe and sustainable offshore operations in the most important new development in the North Sea.

It is a significant win for Lloyd’s Register Consulting as Aker Solutions (AKSO.OL) is one of the world’s largest providers of products, systems and services to the oil and gas industry. In combination with risk analysis expertise from Lloyd’s Register Consulting, Aker Solutions is bringing together the best engineering and technologies for oil and gas drilling, field development and production in the North Sea for the front-end engineering design (FEED) phase.

“The geographical scope of the Johan Sverdrup field is estimated to hold between 1.8 billion and 2.9 billion barrels of oil, so understanding and assessing the total risks for this huge field development is critical,” said Bjørn Inge Bakken, SVP of Lloyd’s Register Consulting. “We are proud to have been chosen by Aker Solutions to assist in the development of this precedent-setting operation in the North Sea involving four bridged platforms.”

Lloyd’s Register Consulting’s responsibility for this phase one project is to complete quantitative risk assessments including detailed consequence calculations. This is done using state-of-the art analysis tools including its RiskSpectrum software, one of the most advanced risk and reliability analysis applications in the world.

With several fixed assets, components and subcomponents in the development of a typical platform, risk analysis and management of safety is an important process which requires risk-based experts to plan, justify and support the development of a safer and better performing operation.

“The integrity of installations offshore and onshore will increasingly become a central link in the global energy supply chain. Lloyd’s Register Consulting is one of a very few organizations with the diversity of technical expertise to fully support clients in this area, and we believe this agreement recognizes that,” highlighted Bakken.

The Johan Sverdrup field is one of the largest oil discoveries on the Norwegian continental shelf. With a forecasted production of 50 years, the oil field is the most important new development on the Norwegian continental shelf, and this is the first FEED contract awarded for the first phase of the development.

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