Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.
Engineering and constriction firm Kvaerner has today outlined its plans to increase its offshore wind work, alongside a concerted push for floating production storage and offloading (FPSO) vessel manufacturing contracts.
Energy giant Statoil has awarded Norwegian engineering firm Kvaerner a 3.8billion NOK contract for construction and installation of the floating production, storage and offloading (FPSO) vessel to be used in the Johan Castberg field.
Norwegian subsea company Ocean Installer has announced a substantial contract award from Statoil ASA for marine operations on the Johan Castberg project.
Oil services firm Subsea 7 has announced it has been awarded a “sizeable” contract from Statoil for work on the Johan Castberg field development in the Barents Sea.
Offshore service provider Drydocks World has signed an agreement to carry out construction of the Turret Mooring System (TMS) for Statoil’s Johan Castberg Floating Production Storage and Offloading (FPSO) vessel.
Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO).
Statoil has awarded Sembcorp Marine in Singapore the £375million contract to build the hull and integrated living quarters for the vessel which will serve the Johan Castberg field in the Barents Sea.
Statoil has reduced its spending on the Johan Castberg field by an estimated 30%.
According to reports in Norwegian media, the Norwegian operator is still on target for a concept decision next year.
The company’s vice president for field development Erik Strand Tellefsen told a seminar costs had been reduced through multiple processes on the project.