Kværner Verdal is delivering the riser platform jacket for the giant Johan Sverdrup field under a US$261 million contract.
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The Johan Sverdrup concept. From Statoil. |
The Johan Sverdrup field is on the Utsira High in the North Sea, 140km west of Stavanger and is one of the biggest discoveries on the Norwegian Continental Shelf (NCS).
The contract follows letter of intent, which Statoil entered into with Kværner in 2014, for two of the four jackets for Johan Sverdrup. The riser platform jacket is due to be delivered in summer 2017.
The contract does still hinge on Statoil and its partners making an investment decision on the Johan Sverdrup development, scheduled for next month, and is also subject to the Norwegian parliament’s approval of the plan for development and operation (PDO).
The field’s first phase of development consists of four installations, comprising an accommodation platform, a drilling platform, a riser platform and a processing platform.
On plateau, Johan Sverdrup’s production will constitute 25% of the total NCS production. Statoil says its ambition is to recover 70% of the reserves over a 50-year life-time.
Oil from the field will be piped to the Mongstad terminal in Hordaland. The gas wil be transported to Statpipe and onto the Kårstø processing plant in North Rogaland. Daily production during phase 1 estimated at 315,000–380,000 b/d. Peak production for the field is estimated to reach 550,000-650,000 b/d and is expected to come on stream by the end of 2019.
"Statoil has prepared an ambitious plan for development and operation, with scheduled start-up in 2019,” says Arne Sigve Nylund, Statoil executive VP for development and production. “The contract with Kværner Verdal represents a significant step towards realizing our high Johan Sverdrup ambitions.”
Johan Sverdrup covers production licenses 265, 501, 501B and 5022. Statoil is the operator of the planning phase. Partners include Lundin Norway, Maersk Oil, Petoro, Det norske oljeselskap.
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