Statoil hands out Troll B work to Aker Solutions
- Business & Finance
Norwegian oil and gas services provider Aker Solutions has secured a contract from its compatriot Statoil to deliver a compression module for the Troll field in the North Sea to help boost output at the offshore field.
Statoil has, on behalf of the license partners, decided to exercise the option for engineering, procurement, construction and installation (EPCI) of a gas module that will increase gas processing capacity on the Troll B platform to increase oil recovery.
Troll B is a floating process and accommodation platform with a concrete hull that produces from thin oil-bearing layers in the Troll West reservoir. The field is operated by Statoil and its partners are Shell, Petoro, ConocoPhillips, and Total.
The contract has a value of approximately NOK 370 million ($44.9M) and is an option in a front-end engineering and design (FEED) contract awarded to Aker Solutions in January 2016.
“The gas module is an important contribution to reaching the licensees’ IOR ambition for the Troll field. It will raise production capacity on Troll B and help us recover as much as possible of remaining resources during tale end production.
“From the module starts up in the autumn of 2018 until Troll B is shut down in 2025 it will increase recovery by around 4.7 million barrels of oil,” says project director Eric Normann Ulland.
The engineering work will be carried out by Aker Solutions in Bergen and module construction will start at Aker’s yard in Egersund in 2017. Weighing just above 500 tons, the module is scheduled to be lifted onto Troll B in the spring of 2018 and become operational in the third quarter of 2018.
“This project has targeted key cost savings to create the sustainability the industry depends on and is looking for during these challenging times,” said Knut Sandvik, head of Aker Solutions’ maintenance, modifications and operations business.