Equinor announced that it has signed a landmark deal with Aker Solutions to provide front-end engineering and design (FEED) of a floating production and storage vessel (FPSO) for the Wisting field.

The Equinor’s Senior Vice President for Project Development Geir Tungesvik elaborated saying,”Equinor is cooperating well with partners, the supplier industry and the authorities to ensure a successful development of the Wisting field, meeting the requirements expected for future oil and gas production. We plan to submit the plan for development and operation (PDO) to the authorities at the end of 2022.”

In addition, the study includes an option for engineering, procurement, construction, and installation (EPCI) calculated at NOK 8-12 billion.

It is also worthy of noting that Leirvik AS and Sevan SSP AS will be involved as sub-suppliers of engineering services for the living quarters and hull respectively.

Moreover, Equinor is working closely with the Petro Arctic supplier network to map and have dialogue with North Norway’s supplier market.

Meanwhile, the statement disclosed that there are other FEED studies have been awarded to several different companies following Wisting partners’ decision to move forward with the project (decision gate 2). These companies include FMC Kongsberg Subsea, Technip Norge, Aker Solutions, OneSubsea Processing, IKM Ocean Design, Subsea 7, NOV and Baker Hughes Energy.