Norwegian oilfield services provider Aibel has been awarded a contract for work on the Ivar Aasen field in the Norwegian part of the North Sea.
Total investments in the project development are estimated at NOK 24.7 billion (approximately $4.3 billion).
The Ivar Aasen project is situated west of the Johan Sverdrup-field in the North Sea, containing approximately 150 million barrels of oil equivalents. First oil is expected in the fourth quarter of 2016. Det norskes’s share of production is approximately 16,000 barrels of oil equivalent per day from Q4 2016 and 23,000 barrels of oil equivalent per day at plateau in 2019.
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Offshore Energy Today Staff, March 14, 2014