Subsea 7 Nets Krafla FEED. Eyes Giant EPCI Deal

Date:





March 4, 2022


File picture: Equinor

Norwegian oil and fuel firm Equinor has awarded Subsea 7 a front-end engineering and design (FEED) research for the marine installations related to the Krafla growth venture, offshore Norway.

The awarded work is required to finalize the technical definition of the proposed growth forward of the ultimate funding choice (FID) deliberate in late 2022.
Subsea 7 mentioned that the worth of a possible, subsequent EPCI (engineering, procurement, building, and set up) contract would solely be acknowledged by Subsea 7 in its backlog upon FID, and would symbolize a big venture award. Subsea 7 defines a big contract as being between $300 million and $500 million. Offshore set up actions can be scheduled for 2024, 2025, and 2026.



Monica Bjørkmann, Vice President for Subsea 7 Norway mentioned: “This award continues our long-standing collaboration with Equinor. The research permits Subsea 7 to have interaction early within the subject growth course of, optimizing design options and contributing to the ultimate funding choice. We’re delighted to be a trusted accomplice for Krafla subject growth, and we look ahead to working carefully with Equinor to efficiently ship our scope with security and high quality on the forefront all through.”

Equinor final 12 months mentioned that the Krafla subject growth can be one of many greatest growth initiatives on the NCS within the deliberate realization interval.  

In June 2020, the licensees in Krafla, NOA, and Fulla agreed on coordinated growth of the fields, the place Equinor is the operator of Krafla within the north and Aker BP is the operator of NOA Fulla within the south.

The deliberate growth idea includes an unmanned manufacturing platform (UPP) to which subsea installations on Askja, Krafla, and Sentral can be tied in.

Krafla and NOA Fulla are deliberate to be powered from shore by a submarine energy cable from Samnanger in Vestland county.

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