TechnipFMC to supply subsea system for Snorre expansion project
- Business & Finance
Oilfield services provider TechnipFMC will provide the subsea system for the Statoil-operated Snorre project expansion in the Norwegian sector of the North Sea.
On Tuesday, Norway’s oil major Statoil announced it had submitted the plan for development and operation of its Johan Castberg project in the Barents Sea, the biggest offshore oil and gas development to be given the go-ahead in 2017.
Parallel with the submission of the PDO, Statoil is on Tuesday signing a contract for the Johan Castberg subsea system, and engineering and procurement management, both with Aker Solutions.
In addition, Statoil is, on behalf of the partners in the Snorre license, signing a letter of intent (LoI) with Norway’s FMC Kongsberg Subsea for the subsea system for Snorre Expansion Project (SEP). Statoil is the operator of the field with Petoro, ExxonMobil, Idemitsu Petroleum, DEA Norge, and Point Resources as its partners.
According to Statoil, the LoI wth is worth slightly less than NOK 2 billion ($240.8M) and includes six subsea templates and subsea production equipment for a total of 24 wells.
FMC Kongsberg is part of TechnipFMC, a company made by merging FMC Technologies and Technip. The merger between the two companies was completed in early 2017.
Snorre is an oil field in the Tampen area in the northern part of the North Sea. The water depth in the area is 300-350 meters. The field has been developed with two platforms, A and B. It has been producing since 1992.
Alternative concepts for further development and increased recovery from the field have been evaluated (Snorre Expansion Project). A pre-sanction decision (DG2) was made in autumn 2016. The decision is based on an extensive subsea development, upgrading of Snorre A facilities and increased gas injection. A PDO is planned to be submitted to the authorities at the end of 2017.
Offshore Energy Today Staff