Statoil hires Lloyd’s Register for Sverdrup risk analysis
- Business & Finance
Lloyd’s Register (LR), a global engineering, technical and business services organization, has signed a contract with Statoil to conduct total risk analysis for the riser platform modification project at the Johan Sverdrup field in the North Sea.
LR said on Tuesday that most of this front end engineering design (FEED) work phase was being carried out by the organization’s Bergen-based risk management consulting team.
Johan Sverdrup is one of the five largest oil fields on the Norwegian continental shelf. The field is being developed in several phases. The first phase is underway and consists of a field center comprising four platforms interconnected via bridges with three subsea water injection templates. Also included in this first phase are export pipelines to existing infrastructure and power supplied from shore.
The first phase is expected to start up in late 2019 with production capacity estimated at 440,000 barrels of oil per day.
The second phase of the Johan Sverdrup, which LR’s team is contracted to work on, includes production capacity increase, tie-back of satellites, increased oil recovery, and an area solution for power from shore.
It comprises an extension of the field center with an additional process platform, P2, placed on the east side of the riser platform, interconnected to it via a new bridge.
An additional HVDC system with power supply from shore will be installed as part of this phase two. The system will also supply power to third-party fields in the Utsira High area, namely Edvard Grieg, Ivar Aasen, and Gina Krog.
The concept studies, done by Aker Solutions, comprise of tie-ins to existing platforms, detailing of RP, P1, and bridges modifications due to tie-in of the new process platform P2, as well as developing the conceptual design of P2.
Robert Nyiredy, european sales manager at LR’s risk management consulting team, said: “This is a significant and important win for LR as this is one of the fifth largest development projects on the Norwegian Continental Shelf, and is one of the most important developments to be located in Norway over the next 50 years.”
The development passed the halfway mark over the summer, and is now nearly 60 percent complete. The project’s cost has been reduced by NOK 5 billion to NOK 92 billion ($11.8B).