On behalf of the Wisting licence partners, Equinor has signed a contract with Aker Solutions for front-end engineering and design of a floating production and storage vessel for the Wisting field. Valued at around NOK 350 million, the study includes an option for engineering, procurement, construction, and installation calculated at NOK 8-12 billion.

The Wisting field is a standalone field development in the Barents Sea, containing close to 500 million barrels of oil equivalent. Capital investments are expected to be in the order of NOK 60-75 billion. The concept chosen for the Wisting development involves a circular FPSO and a power-from-shore solution to be integrated in the technical solution, resulting in very low CO2 emissions from the field.

The FEED contract includes an EPCI option. A floating production unit is to be developed in the FEED phase and Aker Solutions will be responsible for creating an overall solution covering topside facilities, living quarters and a hull. The supplier expects the total scope of work to involve around 5500 person-years. Any exercising of the option will take place at an investment decision.

Involving up to 270 people, the FEED work will mainly be carried out in Norway. Leirvik AS and Sevan SSP AS will contribute as sub-suppliers of engineering services for the living quarters and hull respectively.

The PDO for the Wisting field will be submitted to the Norwegian Parliament (the Storting) after the partners have made an investment decision late 2022.

Licence partners: Equinor (35%), OMV (25%), Petoro (20 %), Idemitsu (10 %), and Lundin Energy (10%).

Equinor Awards Wisting Contract to Aker Solutions

Strategic Research Institute

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