Equinor Awards Concept Study Contracts for Wisting Development

Journal of Petroleum Technology 

Equinor has awarded contracts for concept studies to advance the Wisting project development toward concept selection by mid-year 2022, and ultimately a final investment decision by the end of 2022. The operator has tapped Aker Solutions, KBR, Sevan SSP, and Aibel related to the floating production storage and offloading (FPSO) vessel, and Aker Solutions, TechnipFMC, OneSubsea Processing, IKM Ocean Design, and Kongsberg Maritime for the subsea production and processing equipment, umbilicals, risers, and flowlines . The Aker Solutions contract covers front-end engineering and design of the FPSO. Valued at around $40.3 million, the study includes an option for engineering, procurement, construction, and installation valued at $922 million to $1.38 billion, according to Equinor. The Wisting field is in the Barents Sea and is estimated to hold close to 500 million BOE.

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