FMC wins Sverdrup subsea EPC contract

Norway

STAVANGER, September 18, 2015 – FMC Technologies, a US equipment and services provider, has been awarded an engineering, procurement and construction contract to provide subsea equipment for Norwegian Statoil’s Johan Sverdrup oilfield. The field is located in the North Sea about 155 kilometres west of Stavanger, Norway.

FMC Kongsberg Subsea, FMC Technology’s local subsidiary, is handling the contract. It includes deliveries of 13 subsea trees and wellheads, as well as three subsea templates and control systems. The deal is valued at NOK1.3 billion ($160.5 million).

The deal also includes options for further deliveries to the Johan Sverdrup field and is based on a “need for considerable and sustained cost improvements,” senior vice-president for Statoil’s TPD Projects, Torger Rød said in a press release.

“The subsea equipment enables reinjection of sea water and produced water into the Johan Sverdrup reservoir when we have started production. In this way, we will achieve maximum recovery and value creation from the Johan Sverdrup resources,” senior vice president for the Johan Sverdrup development project, Kjetel Digre said in a press release on Friday.

The Johan Sverdrup field is operated by Statoil, which holds a 40.0267-percent interest. Its partners are Lundin Norway (22.6 percent), Petoro (17.36 percent), Det Norske Oljeselskap (11.5733 percent) and Maersk Oil (8.44 percent).

For more information on Norway, click here.

Previous

Former Sinopec GM to be prosecuted

Next

Mari, MOL strike oil in Pakistan