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Norwegian energy major, Equinor ASA yesterday informed about its plans of divesting 16% of its interests in Lundin Petroleum for approximately $1.56 billion. Equinor holds about $54.5 million in Lundin. The firm will also increase its direct ownership share in the Johan Sverdrup field by 2.6%, for a cash consideration of $910 million.
Equinor has awarded subsea pipelines and marine operations contract. The contract pertains to phase two of the Johan Sverdrup project. Subsea 7 will be required to install 100 kms of infield pipelines and 25 spools, apart from installing umbilicals and carry out “marine operations”. The award is built upon successful delivery and installation of several subsea components and tie-in of pipelines by Subsea 7 in phase one.
Norwegian oil major, Equinor has granted the £85m jacket supply contract for the Johan Sverdrup project to Kvaerner. Under the scope of the contract, Kvaerner will carry out engineering, procurement and construction (EPC) of the steel substructure for the second processing platform in Johan Sverdrup field. The 12,300-tonne substructure is expected to be installed in spring 2021.
Norwegian oil giant, Equinor has concluded the installation of the 283-km crude oil pipeline for its Johan Sverdrup project. The pipeline, laid by Saipem’s Castorone, runs through the North Sea to the Mongstad oil terminal outside Bergen, Norway. The Saipem-owned vessel is now preparing to lay the 156-km long natural gas pipeline from Johan Sverdrup to the Statpipe pipeline, shipping gas from the field to Karsto.
Norwegian oil giant, Equinor has awarded Alcatel Submarine Networks with a contract for permanent reservoir monitoring (PRM). PRM refers to permanent installation of seismic sensors on the seabed, providing better images of reservoir changes frequently. The PRM project management will be shared between Johan Castberg and Johan Sverdrup, leading to both synergies and savings. Nexans Norway will act as a subcontractor to Alcatel on the Johan Castberg PRM project.
Norwegian oil firm, Equinor has awarded more work to Aker Solutions and Kvaerner in terms of hook-up and commissioning. The Johan Sverdrup field operator hired Aker and Kvaerner in a £85 million contract for connecting the riser platform’s seven modules. The firms will also perform preparatory work for the second phase modifications of the riser platform.
Norwegian oil major, Equinor has awarded the early well construction work for Johan Sverdrup field to offshore engineering solutions firm, Aquaterra Energy. Aquaterra will engineer and provide with nine complete strings of centralizers, associated equipment and tie-back engineering proficiency. Delivery of work is scheduled in 3Q2018, as production has been planned for late 2019.