Lundin Norway News

Johan Sverdrup Phase 2 (Image: Equinor)

Johan Sverdrup Phase 2 Plan Approved

billion ($4.7 billion) project received broad support in Norway’s parliament at the end of April, and today the partnership received the formal approval by the Norwegian Ministry of Petroleum and Energy (MPE).“This is a big day for Equinor and the other Johan Sverdrup partners comprising Lundin Norway, Petoro, Aker BP and Total,” said Anders Opedal, executive vice president for Technology, Projects and Drilling in Equinor. “This truly marks the beginning of the second development phase.”Trond Bokn, senior vice president for the Johan Sverdrup development in Equinor, received

Kristin Færøvik, Lundin Norway and Arild Selvig, TechnipFMC (Photo: Lundin Norway)

TechnipFMC Bags EPCI Work for Luno II and Rolvsnes

TechnipFMC announced Tuesday it has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract from Lundin Norway for the Luno II and Rolvsnes development, located in the North Sea at a water depth of 110 meters.TechnipFMC did not reveal an exact dollar figure for the contract, but said it is worth between $250 million and $500 million.The Lundin Norway operated Luno II and Rolvsnes are situated on the Utsira High in the North Sea, and will be tied back to the Edvard Grieg platform. TechnipFMC will deliver and install of subsea equipment including umbilicals

(Photo: Aker BP)

Aker Bets on Software Engineers for Its Oil Business

, has even agreed to share its real-time oilfield data with Aker in what they say is an industry first."This will be the first time two different operators, or oil companies, will share operations/production data live from two producing fields, that is between Edvard Grieg and Ivar Aasen," a Lundin Norway representative told Reuters.By combining all the data that typically sits in different digital silos - such as matching flow sensors with the piece of machinery they actually sit on - Cognite says its software can help reduce maintenance costs, extend the lifespan of equipment and avoid damaging

Karl-Petter Løken (Photo: Kvaerner)

Løken Named CEO at Kvaerner

Kvaerner.   Løken succeeds Jan Arve Haugan, who left Kvaerner for a position at Aker Energy.   Kvaerner's EVP & CFO Idar Eikrem will continue as interim CEO until Løken steps into the role this spring after ending his current position as head of Project Development for Lundin Norway.   Since 1991, Løken has held positions in the oil and gas industry for companies like Statoil, Aker Solutions and Lundin Norway. From 2011 to 2015, Løken was Engineering Manager for Lundin Norway's Edvard Grieg field development, where Kvaerner was the key contractor. He

CGG Launches Shallow Reservoir Imaging Solution

exploration and development teams to make critical investment decisions on the basis of superior high-density broadband data delivered at a lower cost compared to other techniques, notably ocean bottom seismic.    TopSeis is the latest outcome of eight years of collaboration between Lundin Norway AS and CGG to develop innovative broadband solutions, including early benchmarking of CGG’s BroadSeis solution, to improve subsurface understanding and increase exploration success. Its dual-vessel acquisition design, which places CGG’s broadband source over a customized receiver

Steve Swindell (Photo: Xodus)

Xodus to Lead Norwegian Continental Shelf Study for Lundin

Xodus Group AS has been awarded a framework agreement by Lundin Norway AS to provide engineering studies and verification services for its developments on the Norwegian Continental Shelf. The agreement is for four years with potential extension for two years. It will draw on Xodus' expertise from across the company's wide ranging technical capabilities as it calls for concept screening, feasibility studies, concept selection and pre-engineering, subsea and facilities including modifications, debottlenecking and process optimization studies. The framework will see Xodus working closely with

Courtesy Aker Solutions

Aker Solutions Wins Lundin Norway Deal

The agreement covers early-phase studies, pre-engineering (FEED) work, verifications and follow-on engineering for Lundin Norway. It encompasses engineering work from Aker Solutions' three business areas - Engineering, Subsea and Maintenance, Modifications and Operations - as well as the company's integrated study house, Front End Spectrum. The contract has a fixed period of three years and may be extended by as many as two years. The first delivery will be a study for a floating production, storage and offloading (FPSO) unit for the Alta and Gohta oil development in the Barents Sea. The contract

Location of Johan Sverdrup field Map by Wikipedia

Aker Joins Johan Sverdrup Phase 2 Study

a quarter of current domestic output. Production is slated to start in late 2019 and is predicted to last for about 50 years. The first development phase will consist of four platforms linked by bridges. Statoil is operator for the development, which spans three licenses. Other partners include Lundin Norway, Petoro, Maersk Oil and Det norske oljeselskap.  

The investment costs in the first phase of the Johan Sverdrup development are estimated to be in the order of NOK 117 billion (2015 value)

Statoil Contracts for Two Johan Sverdrup Jackets

consist of four installations, including a utility and accommodation platform, a processing platform, a drilling platform and a riser platform, as well as three subsea water injection templates. The platforms will be bridge-linked. The Johan Sverdrup field partners: Statoil 40.0267% (operator), Lundin Norway 22.6%, Petoro 17.36%, Det norske oljeselskap 11.5733% and Maersk Oil 8.44%.​​

(Image: Statoil)

Kværner Secures Another Johan Sverdrup Contract from Statoil

Norwegian continental shelf. According to the impact assessment, total production revenues of NOK 1,350 billion over 50 years and corporation tax payable to the Norwegian state is estimated at NOK 670 billion. The project’s license partners include the operator Statoil (40.0267 percent), Lundin Norway (22.6 percent), Petoro (17.36 percent), Det norske oljeselskap (11.5733 percent) and Maersk Oil (8.44 percent).  

CAPEX returns:  “By 2016 oilfield  investments will  begin a four-year spike”  photo: Oyvind Hagen, Statoil

MTR100: Venture into the Norwegian Subsea Valley

engineers design a 3D vision for 300 of the world’s more complex offshore projects. In the summer of 2015 they’re offering in the 2D field app of “personal” scale what customer’s like Aker Solutions have purchased for large-scale design simulations. Other clients include Lundin Norway and GE Oil & Gas, which reportedly cut a bid process down from three weeks to one hour using the app. Dubbed a “field activity planner.” or FieldApp, by CEO Stein Kjartan Vik, the app is a “decision tool” that lets engineers drag, drop and move known oilfield equipment

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