Norway: Kvaerner’s Jacket for Total’s Hild

Business & Finance

Norway: Kvaerner's Jacket for Total's Hild

Total has awarded Kvaerner an EPSC-contract (Engineering, Procurement, Supply and Construction) of close to NOK 1.2 billion (USD 209 million) for delivery of a steel jacket to be located at the Hild Field offshore the Norwegian North Sea.

“We are very pleased to have won our second jacket this year in tough international competition. This is in line with our strategy, and demonstrates our strong position in the jacket EPC market“, says Nina Udnes Tronstad, Executive Vice President in Kvaerner responsible for the jacket business.

The contract will be executed by Kvaerner’s yard in Verdal, and includes engineering, procurement, supply, construction, load-out and sea-fastening of the jacket and associated piles. The jacket (16 500 tonnes) and piles will have a total weight of approximately 21 400 tonnes.

Detailed engineering starts immediately, while fabrication in Verdal will commence in fourth quarter 2012. The project will reach its peak manpower of more than 400 persons in third quarter 2013. The Hild jacket will be delivered in the spring of 2014, and becomes number 42 in the series of jackets delivered by Kvaerner since 1975.

French oil giant, Total, operator of the Hild license, on February 2, launched the development of Hild field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion.

“The Hild field development is an important milestone for Total in Norway, made possible thanks to significant technological progress. Innovation has opened up new opportunities for Total offshore Norway, where we will continue to invest annually an average of US$2 billion within the next five years. Norway will remain in the coming years as one of the largest contributors to Group production” said Patrice de Viviès, Senior Vice President Northern Europe, Exploration-Production.

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Offshore Energy Today Staff, February 13, 2012; Image: Total