Aker Solutions wins Johan Castberg orders totaling about NOK 4 billion
Aker Solutions won key work to help Statoil develop the Johan Castberg field, the largest oil discovery in the Norwegian Barents Sea, the company said in its press release.
The company will supply the subsea production system and design the topside of the floating production, storage and offloading (FPSO) facility, which will be the largest-ever of its kind offshore Norway. The total value of the work is about NOK 4 billion and will be booked in the fourth-quarter orders.
Aker Solutions has been directly involved in the Johan Castberg development since its earliest phases, providing concept studies and front-end engineering design that have helped drive down costs and make the Arctic project even more viable.
The subsea production system will consist of 30 wells with vertical subsea trees, wellheads, control systems, 10 templates and manifolds, two satellite structures and tooling. The system was ordered by Statoil as part of a framework agreement awarded today.
Work on the system will start this month and involve facilities in Norway, the UK, India, Malaysia and Brazil. Initial deliveries are scheduled for the second quarter of 2019 with final delivery in the first half of 2023.
The FPSO agreement covers engineering, procurement and management assistance for the detailed design of the Johan Castberg topside. The order comes after Statoil exercised an option in a 2013 engineering contract for Johan Castberg.
The work has already started and will be carried out by Aker Solutions in Norway and India. The detailed design is set to be completed in 2019.
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries.