Kvaerner awarded FEED study on Jackdaw UWP

24 June 2019

Kvaerner has entered into a contract with Shell UK to perform an early phase design engineering of the planned Jackdaw wellhead platform on the United Kingdom Continental Shelf. The job will be executed by Kvaerner’s specialised engineering group in Trondheim and Oslo in cooperation with Leirvik and Rambøll in Oslo and Esbjerg, Denmark. Jackdaw will be an unmanned platform with a compact deck on a steel substructure standing on the seabed.

The objective of the early phase design engineering is to develop further the concept which Shell has chosen for the wellhead platform. The job includes preparing the technical documentation needed for a subsequent next step of detail engineering and building the platform. Kvaerner has recently completed the delivery of a similar platform for Aker BP’s Valhall field, and will use this successful experience in the new job for Jackdaw.

This contract is very important for Kvaerner and for our position as an EPC provider of wellhead platforms and normally unmanned and unmanned installations. The contract also represents a volume that secures the jobs for a part of our engineers up to spring 2020 in the first round. Additionally, the contract is strategically important in a longer perspective. By entering the FEED, we are close to the development – and by that we secure a good position to compete for and win future EPC contracts, says EVP Sturla Magnus.

The work starts immediately and will continue until the delivery of the final FEED study report in December 2019.

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About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore installations around the world. Kværner ASA, through its subsidiaries and affiliates (“Kvaerner”), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 700 HSSE-focused and experienced employees are recognised for delivering some of the world’s most amazing and demanding projects.

In 2018, Kvaerner’s Field Development segment had consolidated annual revenues of NOK 7.3 billion and the company reported an order backlog at 31 March 2019 of NOK 10.2 billion. Kvaerner is publicly listed with the ticker “KVAER” at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.

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