Subsea providers agency Ocean Installer has been chosen by Equinor and its companions within the Troll A license for a contract masking subsea buildings, umbilicals, risers and flowlines (SURF) and engineering, procurement, development and set up (EPCI) providers.
The SURF EPCI contract is for Equinor’s new $1.13 billion (NOK 12 billion) funding within the Troll Part 3 – Stage 2 undertaking. The contract is price over $94 million (NOK 1 billion) and features a substantial fabrication scope and offshore work over three years, with the primary marketing campaign starting in 2025, Ocean Installer mentioned in a information launch.
Ocean Installer mentioned it additionally secured a separate contract for changing a 2.5-mile (four-kilometer) versatile flowline on the Troll B area in 2025.
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Stage 2 of the Troll Part 3 undertaking contains eight new wells from two new templates with subsea controls prolonged from current templates. A brand new gasoline flowline will likely be laid as a tie-back to the Troll A platform, and the undertaking may also carry out modification work on Troll A, based on the discharge.
The EPCI contract covers the fabrication and set up of 4 massive pipeline termination buildings for the gasoline flowline, 5 spools, a subsea pig launcher and receiver (PLR), 3.7 miles (six kilometers) of MEG Line and safety covers. The work additionally covers set up of the subsea manufacturing system and umbilicals from OneSubsea. Additional, trenching and pre-commissioning can be a part of the scope of labor, the corporate mentioned.
Engineering work has already began from Ocean Installer’s workplaces in Stavanger and Oslo. The vast majority of the fabrication will likely be awarded to Norwegian subcontractors, the corporate acknowledged.
“The Troll Part 3 – Stage 2 undertaking is an ideal match with our capabilities, and we’re excited to ship this undertaking in shut collaboration with Equinor and our regionally primarily based fabrication companions,” Ocean Installer CEO Kevin Murphy mentioned.
“This award exhibits that our purchasers proceed to depend on us for giant, complicated and manufacturing vital tasks. Furthermore, the Troll B Flowline Substitute award demonstrates the vary of tasks we can assist our purchasers with – from massive EPCIs to smaller T&I [transportation and installation] tasks,” Murphy added.
Moreld Acquires Ocean Installer
Earlier within the month, Ocean Installer introduced that it was being acquired by engineering group Moreld in an settlement with HiTecVision.
Moreld has a longtime presence on the Norwegian Continental Shelf (NCS) and gives upkeep, modification, and operations (MMO) providers via its subsidiary, Moreld Apply, and marine engineering and assurance providers via its subsidiary, International Maritime. The businesses serve a variety of consumers together with Equinor, Complete Energies, Shell, ExxonMobil, Aker BP, and Chevron.
The acquisition of Ocean Installer will broaden Moreld’s service vary into subsea engineering and development providers, create an engineering and undertaking execution powerhouse with over 2,300 workers, broaden long-term buyer relationships, and place the corporate to profit from important funding within the NCS and international offshore markets, based on an earlier assertion.
As a part of the acquisition, Ocean Installer will likely be built-in into the Moreld Group as a standalone sister firm alongside Moreld Apply and International Maritime, together with their respective subsidiaries. Ocean Installer will retain its acknowledged model identify.
“We’re happy to welcome Ocean Installer into the Moreld Group. This acquisition marks a major step ahead in our strategic progress plan and underlines our dedication to delivering distinctive worth to our prospects,” Moreld CEO Geir Austigard mentioned.
“Collectively, we are going to leverage our mixed experience and assets to drive innovation, broaden our market attain, and create new alternatives for achievement. Ocean Installer is a wonderful addition to the Moreld household and can additional strengthen our worldwide presence,” he added.
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