Ocean Installer Bags Askeladd Work

  • Business & Finance

Statoil has awarded Ocean Installer a contract for marine operations on the Askeladd project in the Barents Sea.

Ocean Installer said that the contract is significant in size and will further increase its operations in the Barents Sea.

“The Askeladd award, together with the earlier Johan Castberg Award, will give us specific and unique experience in the far north region, which is expected to be a major growth area in coming years,” says Steinar Riise – Ocean Installer CEO.

The Askeladd development will consist of three wells in two new subsea templates which are designed for adding any future wells. Infrastructure for tying the Askeladd development to the existing Snøhvit field installation will also be installed.

Askeladd is located 35 kilometers South-West of the Snøhvit field and 175 kilometers from the LNG plant at Melkøya. The water depth is approximately 240 -330 meters.

Ocean Installer will be involved with Askeladd throughout the entire development phase, until the field is hooked up to Snøhvit in 2020, with offshore operations planned for the summer seasons of 2019 and 2020.

The project will be managed from Ocean Installer’s Stavanger office and will start immediately.

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