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The Ivar Aasen jacket has already been installed.

Image from Det norske. for complete delivery of the ULQ in June 2015. Meanwhile, at

Kvaerner Verdal, three of the four steel platform jackets are being constructed for the remaining three riser, drilling and process platforms. Spain’s Dragados Offshore is constructing the ? nal jacket for the ULQ.

REGIONAL OVERVIEW

Apply Leirvik in Norway is building the accommoda- tion module for the ULQ. Topsides for the riser and process platforms are being built by Samsung Heavy Industries.

Norwegian ? rm Aibel is constructing topsides for the

Sverdrup drilling platform. Development drilling for the ? rst 35 phase one wells started in March.

Recently, Statoil indicated a reduction in capex for Sverdrup phase one, from NOK 123.2 billion (US$14.4 billion) at PDO submission, to NOK 108.5 billion ($12.7 billion) at present.

Partner Lundin Petroleum reported in May that a de-bottle- necking study suggested a potential increase in processing ca- pacity from 315,000-380,000 b/d to 440,000 b/d of oil for phase one. Sverdrup phase one is due onstream at the end of 2019.

This year concept selection for phase two at Sverdrup is due – a study for which is underway by Norway’s Aker Solutions.

Imminent start-ups

Earlier this year saw ? rst oil from the Goliat ? eld, the ? rst surface development in the Barents Sea using a Sevan Marine round-hulled FPSO (? oating production, storage and of? oad- ing) tapping an estimated 174 MMbbl of oil and the ? rst proj- ect to be operated by Eni Norge, offshore Norway.

The next start up is likely to be Ivar Aasen, another NOK 18.025 billion ($2.1 billion) ? xed platform project offshore

The Ivar Aasen project, an artist’s impression. Image from Det norske.

Norway, which will also tap the West Cable discovery and the “There is an expectation from industry that the regulator not Hanz accumulation in a second phase. It is due onstream in only sets a holistic framework for the basin, but is more asser- Q4 2016, and is operated by Det Norske.

tive to change behaviors.” Asta Hansteen, using an eight-slot, deepwater spar, was approved for development in 2013, and is due onstream late

Sverdrup advancing 2018, costing an estimated NOK 3 billion ($350

GE Oil & Gas was the latest major contractor to collect a deal GE Oil & Gas was the latest major contractor to collect a deal million).

to deliver services to Norway’s Johan Sverdrup megaproject. to deliver services to Norway’s Johan Sverdrup megaproject. Next will be the 225 MMboe Gina Krog de-

Surface wellheads, xmas trees and related services will be Surface wellheads, xmas trees and related services will be velopment, using a ? xed platform and an FSO supplied by GE. Although the contract value was undisclosed supplied by GE. Although the contract value was undisclosed (? oating storage and of? oading). It is due to come (? oating storage and of? oading). It is due to come – but is likely to be measured in millions of dollars – GE said – but is likely to be measured in millions of dollars – GE said onstream in Q1 2017 with oil of? oading and gas onstream in Q1 2017 with oil of? oading and gas the deal was a multi-year contract for supplying hardware for the deal was a multi-year contract for supplying hardware for export via Sleipner A, at cost of NOK 31 billion ($3.6 export via Sleipner A, at cost of NOK 31 billion ($3.6 “multiple wells.” Reports have indicated 35 “multiple wells.” Reports have indicated 35 billion)billion) production and injection wells are required production and injection wells are required Martin Linge will follow in 2018. It is a structurally Martin Linge will follow in 2018. It is a structurally for phase one at Sverdrup and the complex, high-pressure, high-temperature ? eld oper-complex, high-pressure, high-temperature ? eld oper-

GE supply scope is for 23; FMC ated by Total, which gained development approval in ated by Total, which gained development approval in

Technologies is supplying 13 June 2012, is currently costed at NOK 34.8 billion ($4 June 2012, is currently costed at NOK 34.8 billion ($4 trees and wellheads. billion), and will be developed with a ? xed platform billion), and will be developed with a ? xed platform

Separately, construction has and an FSO, with power from shore. Rich gas will be and an FSO, with power from shore. Rich gas will be started on the four bridge-linked exported via pipeline into the UK Frigg system and exported via pipeline into the UK Frigg system and platforms for the ? rst phase of landed at St Fergus, while oil and condensate will be landed at St Fergus, while oil and condensate will be the 1.7- 3 billion bbl project. At tanker-of? oaded. Production well drilling started in tanker-of? oaded. Production well drilling started in

Kvaerner Stord, Norway, steel plates Kvaerner Stord, Norway, steel plates September 2014, using the Maersk Intrepid jackup, September 2014, using the Maersk Intrepid jackup, were cut for the 19,000-tonne utility and were cut for the 19,000-tonne utility and with six wells due to be ready before production start-with six wells due to be ready before production start- living quarters (ULQ) topsides, one of four living quarters (ULQ) topsides, one of four up, which is scheduled for 2018.up, which is scheduled for 2018.

installations for Sverdrup’s ? rst phase. installations for Sverdrup’s ? rst phase.

Concepts Concepts

Kvaerner and KBR combined won a deal Kvaerner and KBR combined won a deal

This summer saw the Norwegian Petroleum Directorate This summer saw the Norwegian Petroleum Directorate acknowledge a new type of platform – an unmanned acknowledge a new type of platform – an unmanned

The Gina Krog development.

Image from Statoil. installation - could be permitted offshore Norway. This installation - could be permitted offshore Norway. This

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