Hyundai Heavy Industries books $1.1 billion Topsides
Statoil and its partners, OMV from Austria and ConocoPhillips from USA made the final investment decision (FID) and awarded the topsides, the most critical package, of the Aasta Hansteen project to Hyundai Heavy Industries.
Previously named Luva, the Aasta Hansteen is located 300 kilometers offshore Norway by 1,300 meters of water depth.
With estimated 47 billion cubic feet of natural gas and 0.8 million cubic meter of natural gas liquids (NGL), Aasta Hansteen is considered as one of the largest discovery of the Norwegian Continental Shelf (NCS).
In addition Aasta Hansten raw gas contains a low percentage of CO2.
In the Aasta Hansteen project, Statoil and its partners share interests:
– Statoil 75% is the operator
– ConocoPhillips 10%
Because of the low content of condensate and the distance from the shore, Statoil and its partners, ExxonMobil and ConocoPhillips at that time, opted for a single point anchor reservoir (SPAR) platform design.
This SPAR platform will be moored to a subsea template, 1,300 meters below on the seabed.
Aker Solutions, CB&I, FMC, Saipem, Samsung, and Technip proposed their own concept during the feasibility study and the competitive front end engineering and design (FEED) organized by Statoil and its partners.
This package was awarded by Statoil and its partners for $660 million capital expenditure.
Statoil plans to invest $5.6 billion in Aasta Hansteen
On January 2013, Statoil submitted its plan for the development and operation (PDO) of Aasta Hansteen field to the Ministry of Petroleum and Energy in Norway.
With a total budget of capital expenditure estimated to $5.6 billion, the development of Aasta Hansteen includes:
– Subsea production system
– Power cables and umbilical
– Tubing design
– SPAR hull
These topsides will include:
– Gas central processing facilities
– Living quarters to host 108 people
– Flare system
– Conventional gas dehydration
– Dew point control
– Condensate stabilization
In selecting Hyundai Heavy Industries to award the $1.1 billion topsides package, Statoil and its partners choose the solution to facilitate the integration of the modules with the SPAR platform where HHI is involved with Technip.
With this scheme, where Hyundai Heavy Industries is in charge of the SPAR and processing equipment while Technip is in charge of the subsea systems, Statoil, OMV and ConocoPhillips expect Aasta Hansteen project to come on stream in 2017.