SBM Offshore awarded turnkey contract for Johan Castberg turret mooring system

12/6/2017

HOUSTON -- SBM Offshore has announced that the Company has been awarded the contract and received the corresponding notice from Statoil to proceed with the engineering, procurement, construction (EPC) work scope for a large-scale turret mooring system for its Johan Castberg development.

This award results from successful delivery of the front-end engineering and design (FEED) scope for the mooring system, which was delivered in close cooperation between Statoil and SBM Offshore teams. This project extends the market leading position of the Company in delivering large and complex mooring systems in demanding environments.

The Johan Castberg (formerly Skrugard) development is situated in the Barents Sea in Norway, approximately 100 km north of Snøhvit field. The Castberg turret incorporates SBM Offshore's unique experience in designing large-scale mooring systems suitable for operating in harsh conditions. The turret is planned to be delivered in modules in early 2020, will be moored in c. 370-m water depth and will have a capacity to accommodate 21 risers.

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