Equinor gives out more work to Ocean Installer

Equinor gives out more work to Ocean Installer

Norway’s Ocean Installer has secured a new subsea line modification (SLM) project award from compatriot energy giant Equinor, with execution scheduled for fall.

Source: Ocean Installer

The scope of work on Åsgard A in the Norwegian Sea covers the recovery of two risers, the installation of one new riser and flexible jumper, and the engineering, procurement, and installation of GRP Covers to protect the jumper.

The contract adds more work to the multiple wins with Equinor in July 2023, including projects on Vigdis, Visund, Åsgard C, and Northern Lights.

The Åsgard A project was won in a new competitive tender and will be added to this project portfolio and integrated under the existing project team and executed in continuation with the other work.

Offshore operations are scheduled for fall 2024.

“I’m very pleased to see that Equinor is adding more work to our SLM portfolio and their continued trust in us for executing these highly complex offshore operations. Integrating this project under the existing project team ensures continuity both onshore and offshore, maximizing the synergies for both Ocean Installer and Equinor,” said Ocean Installer’s CEO Kevin Murphy.

The Åsgard field, discovered in 1981, is located in the central part of the Norwegian Sea at a water depth of 240-300 meters. After the PDO was approved in 1996, the field was developed with subsea wells tied back to the FPSO Åsgard A.

The development also includes Åsgard B, a floating, semi-submersible facility for gas and condensate processing. The gas center is connected to a storage vessel for condensate, Åsgard C. The production from Åsgard A began in 1999, while Åsgard B and C came on stream in 2000.