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Statoil: Kvaerner wins deal for Johan Castberg project

(CercleFinance.com) - Norway's Statoil has awarded fellow oil services company Kvaerner the contract for the Johan Castberg topsides in a deal worth about 3.
8 billion Norwegian kronor (around 400 million euros), the oil company said on Tuesday.

The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea.

The construction work - which is scheduled to last until 2021 - will take place at several yards along the Norwegian coast.

The first oil from the field is scheduled for the first half of 2022.

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