Statoil signs LOI for Johan phase 2

Statoil, on behalf of the Johan Sverdrup partnership, has signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project. A letter of intent for field centre modifications has also been issued to a joint venture of Aker Solutions and Kværner. The total value is estimated at more than NOK 11 billion.

The contract to be awarded to Aibel includes engineering, procurement and construction (EPC) of the topside for the second Johan Sverdrup processing platform (P2) which will extend production capacity on the field from 440,000 to 660,000 barrels of oil per day after startup in 2022. The value of the contract is approximately NOK 8 billion.

The contract to be awarded to the Aker Solutions-Kværner joint venture includes engineering, procurement and construction of a utility module for the riser platform, field centre modifications, and installation and hook-up activities related to the phase 2 development. Contract value is estimated at NOK 3.4 billion.

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