Aker Solutions bags another Johan Castberg prize
- Business & Finance
Oil services company Aker Solutions has won a contract from Sembcorp Marine to design the living quarters for the Statoil-operated Johan Castberg development’s floating production, storage and offloading vessel (FPSO).
To remind, Statoil in November signed a letter of intent with Sembcorp Marine for the construction of the hull and integrated living quarters for the Johan Castberg FPSO. The contract will be worth about NOK 4 billion.
Aker Solutions’ work scope includes detailed design engineering of the living quarters and technical specifications for the equipment and supplies required for Sembcorp to construct the accommodation unit for the Statoil-operated development, the company said on Thursday.
Johan Castberg is the largest oil discovery in the Norwegian Barents Sea. Statoil submitted the plan for development and operation for the Johan Castberg project in the Barents Sea earlier this week.
Executive Vice President Knut Sandvik, who heads Aker Solutions’ projects delivery center, said: “We will build on our previous work on the development to optimize the design of the living quarters.”
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. As previously announced, the company earlier this week won contracts from Statoil to supply the subsea production system for Johan Castberg and design the FPSO’s topside.
Work on the accommodation unit will be carried out at Aker Solutions’ locations in Oslo and Mumbai, starting in the current quarter. Delivery is scheduled for the second half of 2018.
Sembcorp Marine, a global provider of integrated offshore and marine engineering solutions, will be constructing the living quarters at its shipyard in Singapore for Statoil.
The parties agreed to not disclose the financial value of the contract, which will be booked as part of Aker Solutions’ fourth-quarter order intake.