Kvaerner in Big Statoil Offshore Platform Deal

By George Backwell
Thursday, June 26, 2014
Platform topsides: Photo courtesy of Kvaerner

Kvaerner says it has established a frame agreement with Statoil for delivery of steel jacket substructures to Statoil-operated fields.  Based on this frame agreement, Statoil has signed a Letter of Intent (LoI) for Kvaerner to deliver two of the planned steel jackets to the Johan Svedrup development off the West Coast of Norway.

Subject to all necessary approvals for the project to proceed, early estimates of the total value of the two jacket deliveries will be approximately NOK 3 billion.

Johan Svedrup is located at a water depth of 120 meters off the West Coast of Norway Statoil is the operator for the field, and first development phase of the field is to establish infrastructure and a field centre which includes four offshore platforms based on steel jacket substructures which will stand on the seabed.  

With the  Letter of Intent, Kvaerner will start the preparation work for the delivery of two complete jackets for Johan Svedrup, one for the Riser Platform, and one for the Drilling Platform.

Both deliveries will include engineering, procurement and construction. The engineering will be performed at Kvaerner's offices in Oslo, and will start late 2014. The project management will be based at Kvaerner's specialised jacket-facility in Verdal in Mid-Norway. This is also where the assembly will take place from the first quarter of 2016. The new project will entail work for many people working for Kvaerner's suppliers, and some subcontractors will start pre-fabrication already during the summer of 2015.

The Riser Platform jacket will be delivered in the summer of 2017, while the Drilling Platform jacket will be delivered in the spring of 2018. At peak in second quarter 2017, there will be approximately 350 people working on the project.

"The new frame agreement confirms Kvaerner's position as one of this industry's leading suppliers of platform substructures. The comprehensive improvements we have implemented over the last two years enable us to win and deliver new projects with a reduced cost level, and still maintain sound financial margins. I am pleased to see that our customers recognize that we are a supplier who can offer an attractive combination of high technology expertise combined with cost efficiency", says Jan Arve Haugan, President &  CEO of Kvaerner.

Kvaerner explain that the frame agreement with Statoil includes studies, front end engineering design (FEED), detail engineering, procurement, fabrication and project management for deliveries of steel jacket substructures to Statoil-operated fields at the Norwegian continental shelf. There are no limitations with respect to the number of jackets which may be ordered under the agreement. The frame agreement lasts until 2020.
 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: Gencorp Insurance Group

The Company: Gencorp Insurance Group provides the Insurance and Surety needs of Marine Contractors, Vessel Operators and Shipyards throughout the country and Caribbean.

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

MN 100: Bouchard Transportation

The Company: Bouchard Transportation’s history dates back to its incorporation in 1918 by founder, Capt. Fred Bouchard, the youngest tugboat captain in the Port of New York.

Contracts

Three More Workboats for Jordan

Sanmar Shipyards delivered three more vessels to the Aqaba Port Marine Services Company (APMSCO) for the Sheikh Subah Al Ahmad Al Subah LNG terminal at Aqaba, Jordan.

ASL Shipyard Secures S$140mln Build Contracts

ASL Shipyard Pte Ltd. a wholly-owned subsidiary of ASL Marine Holdings Ltd., has secured new shipbuilding contracts worth approximately S$140 million for the construction

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

Offshore

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

Migrant Boat Sinks off Libya; 200 Feared Dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara,

Yamal LNG Arctic Project in Doldrums

The massive $27 billion Yamal LNG liquefied-natural-gas venture in the Arctic Circle, a centerpiece of President Vladimir Putin’s plan for Russia has been squeezed by U.

Offshore Energy

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

Yamal LNG Arctic Project in Doldrums

The massive $27 billion Yamal LNG liquefied-natural-gas venture in the Arctic Circle, a centerpiece of President Vladimir Putin’s plan for Russia has been squeezed by U.

MHI, SBG Invest in Wind Energy Startup Altaeros Energies

Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to

Underwater Engineering

Damen's Ship with Van der Velden FLEX Tunnel Commissioned

The first ship outfitted with the Van der Velden FLEX Tunnel was named Friday, August 14th in Duisburg. The Rhenus Duisburg, the new barge combination from shipping company Rhenus PartnerShip,

Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore

Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block,

Royal IHC successfully launches TSHD MAHURY

On 14 August, Royal IHC successfully launched the MAHURY, a 1,840m3 capacity twin-screw trailing suction hopper dredger (TSHD), at partner shipyard MTG Dolphin Shipyard in Varna, Bulgaria.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2085 sec (5 req/sec)