Aker
Solutions has been awarded a substantial1 contract from Altera
Infrastructure for the complete upgrade of the Petrojarl Knarr floating
production storage and offloading vessel (FPSO) to be redeployed at Equinor’s
Rosebank field development, offshore UK. The selected development concept for
the Rosebank field includes redeployment and reuse of the existing Petrojarl
Knarr FPSO owned by Altera.
The
work will be performed in a joint venture (JV) with Drydocks World-Dubai, and
the upgrade will take place at the company’s yard in Dubai, UAE. The
Engineering, Procurement and Construction (EPC) contract is a combination of
work with new build, demolition and life extension (hull, marine systems and
topsides) required for the FPSO to be kept on the field for 25 years without
drydocking. The detail design will be done in Norway by Aker Solutions in
collaboration with Citec Norway AS, ABB Norway AS, OneSubsea Processing AS.
The EPC work
is planned to start up during the first half of 2023 and is scheduled to be
completed at end-2025. The Petrojarl Knarr FPSO was transported to Aker
Solutions yard at Stord in August 2022 and will be stored there until the
planned tow to Dubai during the second half of 2023.
“We are
pleased to have been selected by Altera Infrastructure for this important field
development project by Equinor and partners at Rosebank. We will execute this
project together with our long-standing partner Drydocks World-Dubai, and we
are looking very much forward to continuing our long-term relationship.
Collaboration and partnerships are core to Aker Solutions’ strategy and to how
we work. It also enables us to handle capacity in the most safe and efficient
way, with a strong focus on solutions that reduce emissions,” said Sturla
Magnus, executive vice president and head of Aker Solutions' topside and
facilities business.
Aker Solutions
expects to book an order intake of around NOK 2.5 billion related to this
contract in the first quarter of 2023 in the Renewables and Field Development
segment, pending final investment decision and regulatory approvals. This order
intake would reflect Aker Solutions part of the JV’s scope.
About
the Field
Rosebank is an oil and gas field in the UK located about 130 kilometers off the
coast of the Shetland Islands in the UK, which has an estimated 300 million bbl
of potentially recoverable reserves. Equinor acquired operatorship of Rosebank
in 2019 and has since been working to optimize and mature a development
solution for the field, originally discovered in 2004, together with partners
Suncor and Ithaca Energy.
For more
information about Rosebank, visit:
www.equinor.com/news/uk/20220805-rosebank-investment
www.equinor.com/energy/rosebank
1Aker Solutions defines
a substantial contract as between NOK 2.5 billion and NOK 4.0 billion.