Statoil and the Johan Sverdrup partnership awarded Kværner Verdal a contract for the delivery of the steel jacket for the drilling platform, marking the execution of the letter of intent singed by the two companies for the delivery of the two jackets.
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Johan Sverdrup illustration. From Statoil. |
Johan Sverdrup is located on the Utsira High in the North Sea, about 155km west of Stavanger at 110-120m water depth. The area covers approximately 200sq km, and the reservoir lies at around 1900m.
Weighing 22,500-tonne, the drilling platform jacket will be the second largest of the jackets to be constructed during the first phase of the Johan Sverdrup project. This jacket is scheduled for delivery and installation on the Johan Sverdrup field in the spring of 2018.
The letter of intent, signed in 2014 for two of the four jackets, implies that the partners were to cooperate on realizing further improvements through standardization and simplification.
This contract proves that the cooperation has been successful, and together we have improved competitiveness and maximized value creation from Johan Sverdrup,” Kjetel Digre, senior VP for the Johan Sverdrup development project said. ”The Johan Sverdrup project activity will rise considerably in the time ahead as we take new steps in the development. We are cooperating closely with the suppliers in the engineering of the platforms for the project. So far, we have awarded several main contracts and equipment packages at a value of more than NOK 43 billion (US$5.2 billion),” Digre says.
Work has begun on the first jacket for the riser platform at Kværner Verdal, and the work in on track. The company was awarded the first riser platform jacket in January in a $261 million deal.
The Johan Sverdrup will award more contact come this autumn, Statoil said.
Phase one received approval for its plan for development and operation (PDO) by the Norwegian Ministry of Petroleum and Energy in August.
As of this year, the project’s first phase of development is estimated to be about $14.3 billion (NOK 114 billion), with expected recoverable resources in the range of 1.4 - 2.4 billion boe. The first phase of field development will consist of four installations, including a utility and living quarters platform, a processing platform, a drilling platform and a riser platform, as well as three subsea water injection templates. The platforms will be interlinked by gangways.
Daily production from phase one is estimated at 315,000-380,000 b/d. Full production is estimated at 550,000-650,000 boe/d, which will account for about 40% of total Norwegian Continental Shelf oil production. The ambition is a recovery rate of 70%, allowing for advanced technology for increased oil recovery (IOR) in future phases. First oil is planned for late 2019.
Statoil is the operator of the Johan Sverdrup project with 40.0267% interest. Partners include Lundin Norway (22.6%), Petoro (17.36%), Det norske (11.5733%), and Maersk Oil (8.44%).
Read more:
Kvaerner/KBR JV grabs Johan Sverdrup gig
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