Following Equinor’s sanction of the giant Troll project in the Norwegian part of the North Sea, offshore vessel owner DeepOcean has confirmed securing a ‘significant’ contract to support the project.
DeepOcean will be performing marine operations on Equinor’s Troll Phase 3 project in the North Sea. Troll Phase 3 covers the development of the large gas reserves in the western part of the Troll field.
The award to DeepOcean covers project management, engineering, procurement, fabrication and offshore installation activities. The offshore work includes installation of two integrated subsea template structures and manifolds, two foundation structures and PLEMs, installation of spools, laying of MEG line and umbilical, Tie-in’s and commissioning activities.
The onshore project team will work out of DeepOcean’s offices in Haugesund and Stavanger, Norway. Offshore execution will be performed in 2019, 2020 and 2021.
DeepOcean’s Commercial Director for Subsea Services, Rolf Ivar Sørdal, said: “DeepOcean is continuously working hard to develop innovative and cost-efficient ways of executing subsea construction projects. Troll Phase 3 is a perfect match to both our capabilities and our construction vessel fleet. This has been a target project for us and we are proud of being trusted with this exciting award. DeepOcean is looking forward to work together with Equinor and successfully execute this project in a professional and safe manner.”
Apart from describing the deal as ‘significant’ DeepOcean did not provide information on the financial details of the award.
Worth noting, when it revealed it submitt submitted the plan for further development of the gigantic Troll field on Tuesday, Equinor said, it would sign contracts within marine installations and subsea facilities worth a total of approximately NOK 750 million with the companies Allseas, Nexans and Deep Ocean.
Located in the North Sea, Troll is Norway’s biggest gas producer, with enormous reserves still left in the ground. After more than 20 years on stream, about 65% of the gas has still not been recovered. In addition, Troll has also been Norway’s biggest oil producer for the past five years, Equinor said on Tuesday.