Statoil has, on behalf of the license partners, awarded EPC contracts for the delivery of subsea production systems and services for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea, respectively, to Aker Solutions. The contracts have a total estimated value of between NOK 1.5-2B kroner. The contracts include installation and commissioning support services.
The Snøhvit partnership is planning an investment decision for Askeladd in March 2018. As settled with government authorities it will not be necessary to submit a new plan for development and operation (PDO) for approval, as the project will be part of the existing PDO for the Snøhvit field.
The Troll partnership is planning an investment decision and submission of the PDO in the Q3 2018. The contract award is subject to the partnership’s investment decision and government approval of the PDO.
The contracts awarded for Troll 3 and Askeladd are part of the contractual framework signed between Statoil and several suppliers within the subsea segment in the autumn of 2017.