Ocean Installer on Johan Castberg FPSO Duty

Business & Finance

Equinor and Ocean Installer have signed a contract that covers the FPSO mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea.

Ocean Installer’s new scope will be carried out in combination with the marine operations contract the company secured in February 2018.

This is Ocean Installer’s first FPSO tow out and we sincerely appreciate the trust Equinor shows in our mooring capabilities by awarding us yet another large scope. This award is another significant step towards Ocean Installer’s goal of providing full field development solutions for our customers,” says Olav Haugland, CEO of Ocean Installer.

Ocean Installer will start engineering work immediately and the project will continue until the floating production storage and offloading (FPSO) unit begins to produce in 2022. The offshore mooring pre-installation work will be carried out in 2020. The FPSO tow out and hook-up scope will be executed in 2022 and will be supported by Global Maritime.

The project will be executed by Ocean Installer’s headquarters in Stavanger.

Johan Castberg is one of the largest subsea field developments on the Norwegian continental shelf. The project includes Skrugard, Havis and Drivis, which lies about 240 kilometers from Hammerfest and about 100 kilometers north of Snøhvit. The water depth is between 360 and 405 meters.