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Friday, October 21, 2016

Kvaerner Wins Hild Jacket Contract

February 13, 2012

Total E&P Norge AS has awarded Kvaerner (KVAER.OL) an EPSC-contract (Engineering, Procurement, Supply and Construction) of close to NOK 1.2 billion for delivery of a steel jacket to be located at the Hild Field offshore the Norwegian North Sea.  "We are very pleased to have won our second jacket this year in tough international competition. This is in line with our strategy, and demonstrates our strong position in the jacket EPC market, says Nina Udnes Tronstad, Executive Vice President in Kvaerner responsible for the jacket business. 
The contract will be executed by Kvaerner's yard in Verdal, and includes engineering, procurement, supply, construction, load-out and sea-fastening of the jacket and associated piles. The jacket (16 500 tonnes) and piles will have a total weight of approximately 21 400 tons. Detailed engineering starts immediately, while fabrication in Verdal will commence in fourth quarter 2012. The project will reach its peak manpower of more than 400 persons in third quarter 2013. The Hild jacket will be delivered in the  spring of 2014, and becomes number 42 in the series of jackets delivered by Kvaerner since 1975. 

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