Name of the Project
Johan Sverdrup oilfield development.

Location
Norwegian continental shelf (NCS), Norway.

Client
Statoil 40.0267% (operator), Lundin Norway 22.6 %, Petoro 17.36%, AkerBP 11.5733% and og Maersk Oil 8.44%.

Project Description
Johan Sverdrup is one of the five largest oilfields on the Norwegian continental shelf. The project has estimated resources of between 2.1-billion and 3.1-billion barrels of oil equivalents. The project will be developed in two phases.

Phase 1 includes the development of utility and living quarters, and processing, drilling and riser platforms; three subsea installations for water injection; power from shore, as well as an export pipeline for oil (Mongstad) and gas (Kårstø).

Phase 2 includes the development of another processing platform for the field centre and the Avaldsnes, Kvitsøy and Geitungen satellite areas in addition to power from shore to the Utsira High by 2022.

An area-wide solution for power from shore to the Utsira High area is an integrated part of the Phase 2 development, where another power converter will be installed on the new processing platform.

Potential Job Creation
Not stated.

Value
Phase 1 is expected to start production in late 2019.

Phase 2 is expected to production in 2022.

Duration
Phase 1 will cost an estimated NKr88-billion and Phase 2 NKr45-billion.

Latest Developments
Phase 1 of the project is more than 70% complete.

Statoil, on behalf of the Johan Sverdrup partnership, has signed a letter of intent (LoI) with Aibel for the construction of the processing platform topside for Phase 2 of the project.

An LoI for field-centre modifications has also been issued to a joint venture (JV) of Aker Solutions and Kværner.

The contracts will be awarded later this year.

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 bbl/d to 660 000 bbl/d of oil after startup in 2022. The contract is valued at about NKr8-billion.

The contract to be awarded to the Aker Solutions-Kværner JV includes EPC of a utility module for the riser platform, field-centre modifications, and installation and hook-up activities related to the Phase 2 development. The contract is valued at NKr3.4-billion.

Key Contracts and Suppliers
Aibel (EPC of the topside for the second Johan Sverdrup processing platform) and Aker Solutions-Kværner JV (EPC of a utility module for the riser platform, field-centre modifications, and installation and hook-up activities related to the Phase 2 development).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Statoil corporate affairs VP media relations Bård Glad Pedersen, tel +47 91801791 or email bgp@statoil.com.