Ocean Installer Wins Major Castberg Marine Operations Contract

Johan Castberg is amongst the largest subsea projects ever to be developed on the Norwegian Continental Shelf. The field developments spans Skrugard, Havis and Drivis, located approximately 240 km from Hammerfest and 100 km north of Snøhvit. The field sits at water depths from 360 to 405 meters. The contract is significant in size and will extend Ocean Installer's operations to the Barents Sea for the first time.

"We are very excited to accompany Statoil as they extend further North, and to be recognized as a trusted supplier capable of installing such a high volume and variety of subsea infrastructure. This builds on the significant experience and track record with regards to safety and quality we have accrued working with Statoil for several years," says Ocean Installer CEO Steinar Riise.

"The Johan Castberg development will be one of the most significant projects on the NCS in the coming years, and we are naturally very pleased to be a part of it. Our team has been working in close cooperation with Statoil on the FEED-study for Castberg since April of 2016, and to see our work pay off now is very satisfying," continues Riise.

Ocean Installer will be involved with Johan Castberg throughout the entire development phase, until the floating production, storage and offloading (FPSO) unit is hooked up in 2022, with offshore operations in the summer seasons from 2019-2022.

Through this award, Ocean Installer will gain specific and unique experience in the far north region, which is expected to be a major growth area in coming years.

The project will be managed from Ocean Installer's Stavanger office.