Ocean Installer Clinches Johan Castberg Deal

Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the floating production storage and offloading unit (FPSO) mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea.

Johan Castberg is one of the largest subsea field developments on the Norwegian continental shelf. The project includes Skrugard, Havis and Drivis, which lies about 240 kilometers from Hammerfest and about 100 kilometers north of Snøhvit.

The water depth is between 360 and 405 meters. Ocean Installer’s new scope is extensive and will be carried out in combination with the marine operations contract Ocean Installer was awarded in February 2018.

"This is Ocean Installer’s first FPSO tow out and we sincerely appreciate the trust Equinor shows in our mooring capabilities by awarding us yet another large scope. This award is another significant step towards Ocean Installer’s goal of providing full field development solutions for our customers," said Olav Haugland, CEO of Ocean Installer.

Ocean Installer will start engineering work immediately, and the project will continue until the FPSO begins to produce in 2022. The offshore mooring pre-installation work is planned to take place in 2020.

The FPSO tow out and hook-up scope will be executed in 2022 and will be supported by Global Maritime. Ocean Installer’s existing marine operations project covers scope to be carried out in all offshore seasons from 2019-2022.

The project will be executed by Ocean Installer’s headquarters in Stavanger.