Barents Sea contract for Ocean Installer

Statoil ASA has awarded Ocean Installer a substantial contract for marine operations on the Askeladd project in the Barents Sea.

The Askeladd field will be developed with three wells via two new subsea templates that have space for additional wells in the future. In addition, infrastructure will be installed to tie-in the Askeladd development to the existing Snøhvit field facilities. Askeladd is located 35 km South-West of the Snøhvit field and 175 km from the LNG plant at Melkøya. The water depth is approximately 240 -330 m. The contract is significant in size and will further increase Ocean Installer’s operations in the Barents Sea.

“Following our recent awards from Statoil, Ocean Installer is proud to be awarded this important project as well. The Askeladd award, together with the earlier Johan Castberg Award, will give us specific and unique experience in the far north region, which is expected to be a major growth area in coming years,” says Ocean Installer CEO Steinar Riise.

“By awarding this project to Ocean Installer, Statoil recognizes Ocean Installer’s capabilities and continued focus on safety and quality in its execution of projects. Ocean Installer’s backlog portfolio towards Statoil is now significant,” continues Riise.

Ocean Installer will be involved with Askeladd throughout the entire development phase, until the field is hooked up to Snøhvit in 2020, with offshore operations planned for the summer seasons of 2019 and 2020.

The project will be managed from Ocean Installer’s Stavanger office and will start immediately.