ABB wins multi-million deal for world’s largest new offshore project
4 May 2018
ABB has signed a deal valued at around £18.5 million to provide automation and safety systems for Statoil’s news Johan Castberg Norwegian oil field project.
A spokesperson said the provision would significantly reduce capital expenditure for the Barents Sea site, north of the Arctic Circle.
Currently the world’s largest new offshore oil project with volumes estimated at between 400 and 600 million barrels of oil, it will be developed with an FPSO (floating production, storage and offloading production vessel) and a subsea installation with 30 wells.
ABB will begin its delivery later this year while the field operation will start in 2022. It is expected to have a production lifespan that will last until 2052.
Digitalisation and advanced safety and automation systems are key to safer, more efficient, more reliable and more environmentally friendly operation
Per Erik Holsten, managing director, ABB Oil, Gas and Chemicals
“Digitalisation and advanced safety and automation systems are key to safer, more efficient, more reliable and more environmentally friendly operation of oil, gas, and chemical facilities,” said Per Erik Holsten, managing director ABB Oil, Gas and Chemicals.
“Combined with our vast experience in advanced process control, and subsea and power systems, project execution is streamlined, cost are reduced, and long-term operations are safer and more efficient.”