Kvaerner wins huge Castberg contract

Statoil and Kvaerner have signed a contract worth NOK 3.8 billion on the oil field Johan Castberg.

Photo: Kåre Spanne/Statoil

Business magnate Kjell Inge Røkke's company Kvaerner has entered a contract with Statoil to deliver elements including topside modules for the Johan Castberg floating production vessel (FPSO). The contract is worth NOK 3.8 billion (EUR 391 million).

"We are pleased that we in a strong competition have been selected as contractor for one of the most important projects in the global oil and gas market. Additionally, it is a strategic advantage for Kvaerner that we further develop our expertise for floating production vessels, as several upcoming field development projects are likely to utilise similar concepts," says Kvaerner's CEO Jan Arve Haugan in a press release.

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