Aker Solutions, Kvaerner to Hook Up Johan Sverdrup Riser Platform

Aker Solutions has together with Kvaerner won a contract from Statoil for the hook-up of the riser platform for the Johan Sverdrup field, Norway’s largest offshore development in the past three decades.

Aker Solutions said on Tuesday it will work closely with subcontractor Kvaerner on joining together the platform’s seven modules, which will be transported to Norway in the second quarter of 2018. The scope also covers planning, management, and prefabrication.

The contract value is approximately NOK 900 million ($108.2M) and will be split about equally between Aker Solutions and Kvaerner. Aker Solutions’ share will be booked in its first-quarter orders.

Kvaerner will formally operate as a subcontractor to Aker Solutions. The contract has an estimated value for Kvaerner of approximately NOK 450 million.

“We’re very pleased to continue supporting Statoil in driving forward this giant development, which will be of major importance to Norway for decades to come,” said Luis Araujo, chief executive officer of Aker Solutions.

Aker Solutions said the work starts in February and will initially involve about 100 people from Aker Solutions, Kvaerner and Statoil, rising to as many as 1,000 people at its peak next year. It will be carried out mainly in Stavanger and offshore. Kvaerner will work closely with Aker Solutions and contribute to all parts of the project delivery.

“We look forward to teaming up with Kvaerner to deliver on this next milestone step and together work with Statoil to find the best possible solutions for this major development,” said Knut Sandvik, head of projects at Aker Solutions.

The agreement also contains hook-up options for the field’s processing and living quarter platforms, which are scheduled to be installed in 2019.

“We are very pleased to be awarded this project in cooperation with Aker Solutions. This is yet another confirmation of our experience and expertise within offshore hook-up and completion,” says Terje Johansen, responsible for hook-up and completion in Kvaerner.

Kvaerner added that the contract also includes options for offshore hook-up of the process and living quarter platforms for Johan Sverdrup. These platforms are scheduled for field installation in 2019.

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