Statoil has picked Sembcorp Marine Rigs & Floaters for the hull and living quarters for its Johan Castberg floating production development in the Norwegian Barents Sea.
Statoil has signed a letter of intent with Sembcorp Marine Rigs & Floaters, based in Singapore, for the construction of the hull and integrated living quarters.
The Johan Castberg development is planned to consist of a large subsea system with 30 wells drilled in 2019-2024 tied into a FPSO vessel. Recoverable resources are estimated at 450-650 MMboe. The field is in the Barents Sea, 240km north-west of Hammerfest.
A contract expected to be worth US$490 million (NOK4 billion) will be signed at the final investment decision, scheduled before Christmas, says Statoil.
Statoil says the construction of the hull is the most time-critical delivery for the completion of the Johan Castberg project, first production from which is targeted for 2022.
“Johan Castberg is the next major field development on the Norwegian continental shelf and important to future infrastructure in the Barents Sea," says Torger Rød, Statoil’s senior vice president for project development.
On behalf of the project partnership, Statoil has decided to locate the Johan Castberg operations organization in Harstad, with the helicopter and supply base located in Hammerfest.
The partnership consists of Statoil (50%), Eni (30%) and Petoro (20%).
Image from Statoil.