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Aker Solutions Wins FEED for Wisting FPSO Aker Solutions has received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea. The intended FEED contract includes an option for engineering, procurement, construction and integration (EPCI) of the topside for the FPSO. The scope of the FEED is to provide front-end design- and engineering for a circular floating production, storage and offloading (FPSO) solution, to further progress the project development towards a planned final investment decision. If the field development moves forward to execution phase, Aker Solutions estimates the EPCI option to potentially represent a significant1 contract, subject to final investment decision and regulatory approvals. "Wisting is one of the largest upcoming industrial projects in Norway. We are looking forward to continuing our long-standing
relationship with Equinor for this significant field development, and to mature the project towards a planned investment decision", said Sturla Magnus, executive vice president and head of Aker Solutions' topside and facilities business. The FEED award follows the successful completion of the study phase, and the work starts immediately with planned completion in the third quarter of 2022. The FEED work will be led by Aker Solutions’ offices in Fornebu, Norway. The Wisting FPSO is based on a Sevan design. The topside will have a weight of about 20,000 metric-tons, consisting of a large process module and a large utility module. "This major project will have significant positive effects on employment for our engineering resources and at our yards in Norway and create substantial ripple effects for the society and local communities near the yards," said Magnus.
Equinor Awards COSL Offshore With Statfjord Contract Equinor ASA recently awarded a fourwell drilling contract for the Statfjord Øst licence to COSL Offshore Management AS, a drilling service provider. Equinor plans to use the COSLPromoter rig at the site. Drilling of the wells is expected to start in spring 2023. The contract is valued at around $56 million and is expected to span 220 days. Following the drilling work completion, COSLPromoter will have a five-well option in the Statfjord satellites. Using this rig is crucial for the company’s commitment toward expanding the life of the fields and keeping emissions low. Last year, Equinor announced plans to boost recovery by 23 million barrels of oil equivalent from the North Sea StatfjordØst field by investing NOK 3 billion in the project. The move is expected to increase profitable production from the site and enhance value creation for investors. It will also increase the company’s overall activities in the Norwegian continental shelf, thereby positively impacting the suppliers. The move was targeted to boost the life of the field to 2040.
www.ogv.energy I November 2021
Equinor has already used the rig for eight years in the Troll field, wherein it started the phase three gas production this August. Troll is one of the largest gas fields of Norway that caters to almost 8% of the European Union’s gas consumption. Equinor is the operator of the third phase and has Petoro AS, and subsidiaries of Royal Dutch Shell plc (RDS.A), TotalEnergies
SE TTE, and ConocoPhillips COP as partners in the project. At the Statfjord Øst licence, Equinor is the operator with a 31.6875% stake. It has Petoro, Eni SpAaffiliate Vår Energi AS, Spirit Energy Norway AS, Idemitsu Petroleum Norge AS and Wintershall Dea Norge AS as partners in the licence.
