Statoil awards subsea contracts for Troll and Askeladd projects

Statoil has awarded engineering, procurement and construction (EPC) contracts to Norwegian oil services firm Aker Solutions for the delivery of subsea production systems for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea.

Aker Solutions will deliver a subsea production system consisting of two manifolds and nine trees for the Troll development in the North Sea.

The system for Askeladd in the Barents Sea will be comprised of two manifolds and four trees. Both orders include installation and commissioning support services.

Troll, which contains about 40 per cent of Norway’s offshore gas reserves, is located 60 kilometres west of Sognefjorden, and is expected to produce gas for decades.

Askeladd, which is about 180 kilometres from the Melkøya onshore plant where the gas will be processed, is scheduled to come on stream after 2020.

The contracts have a total estimated value of up to NOK2 billion (US$260 million) and will be booked in the first quarter of 2018.

Work starts this month, with final deliveries scheduled for 2020.