Norway’s Aker Solutions has been awarded a substantial contract from customer Altera Infrastructure for the complete upgrade of the floating production storage and offloading vessel (FPSO) Petrojarl Knarr. Aker Solutions expects to book an order intake of around NOK 2.5 billion (US$253 million) related to this contract in the first quarter of 2023, but it did not give the total contract value.
The vessel will be redeployed to Equinor's Rosebank field development off the United Kingdom.
The work will be performed in a joint venture with Drydocks World in Dubai in the United Arab Emirates (UAE), and the upgrade will take place at the company's yard in Dubai. The engineering, procurement and construction (EPC) contract now placed is a combination of work with new build, demolition and life extension covering both hull, marine systems and topsides, required for the FPSO to be kept on the field for 25 years without drydocking. The detailed design will be undertaken in Norway by Aker Solutions in collaboration with Citec Norway AS, ABB Norway AS and OneSubsea Processing AS.
The EPC work is planned to start during the first half of 2023 and is scheduled to be completed at the end of 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. Rosebank is an oil and gas field in the UK located about 130 kilometres off the coast of the Shetland Islands in the UK, which has an estimated 300 million barrels of reserves.
Aker Solutions wins Rosebank FPSO upgrade contract