Aker Solutions assigned FEED study for Wisting FPSO

Nov. 10, 2021
Equinor has awarded Aker Solutions a FEED study contract for a circular FSPO for the Wisting oil field development in the Barents Sea.

Offshore staff

STAVANGER, NorwayEquinor has awarded Aker Solutions a FEED study contract for a circular FSPO for the Wisting oil field development in the Barents Sea.

The study, valued at NOK350 million ($41 million), includes an option for a subsequent EPCI award of around NOK8-12 billion ($936 million-$1.4 billion).

Equinor plans to submit the plan for development and operation to the Norwegian authorities at the end of 2022. Other partners are OMV, Petoro, Idemitsu, and Lundin Energy.

Wisting holds estimated reserves of 500 MMboe. Equinor anticipates total capital investments in the range of NOK60-75 billion ($7-8 billion).

Power-from-shore solution will be integrated in the technical solution, with the partners targeting a relatively low level of CO2 emissions.

Aker Solutions’ FEED responsibilities cover the topsides facilities, living quarters, and hull.

The work, involving up to 270 people, will take place mainly in Norway, with Leirvik and Sevan appointed as sub-suppliers of engineering services for the living quarters and hull, respectively.

Equinor will encourage early involvement generally by Norwegian suppliers and plans where possible to tap the services of local suppliers in northern Norway.

“The contract may help provide jobs for Norwegian yards and businesses for many years ahead,” said Mette H. Ottøy, chief procurement officer.

Other FEED studies awarded following the partners’ recent decision to pursue the project (decision gate 2) went to FMC Kongsberg Subsea, Technip Norge, OneSubsea Processing, IKM Ocean Design, Subsea 7, NOV, and Baker Hughes Energy.

11/10/2021