Aker Solutions scoops concept study award for Johan Castberg FPSO

  • Business & Finance

Aker Solutions has secured an order from Statoil to provide a concept study for a floating, production, storage and offloading (FPSO) vessel for the Johan Castberg oil field development in the Barents Sea.

The order is a call-off by Statoil on an engineering contract for Johan Castberg won by Aker Solutions in 2013.

“We’ve worked with Statoil for two years on finding a cost-effective solution that will enable development of this strategically important oil field in northern Norway,” said Per Harald Kongelf, head of Aker Solutions’ Norwegian operations.

“The costs have been significantly reduced and we look forward to continuing to work with Statoil to optimize this development.”

In March 2015, Statoil decided to spend more time on the project postponing the decision to continue the so-called DG2 until the second half of 2016, with expectations for an investment decision in 2017.

The Statoil-operated Johan Castberg field is located about 240 kilometres north-west of Hammerfest, off Norway.

The two parties agreed not to disclose the financial value of the contract, which will be booked as part of Aker Solutions’ first-quarter order intake.

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