Statoil has granted a letter of intent to Aibel for engineering, procurement and construction of the deck for the process platform (P2) in the second phase of the Johan Sverdrup development.

The final contract will be signed later this year with an estimated value of around $1bn.

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Aibel CEO and president Mads Andersen said: “This is a day of celebration for Aibel as we have received the ultimate confirmation that we have both the required expertise and competitiveness to deliver such a large and important project.

“The organisation has gained substantial expertise from the delivery of the Johan Sverdrup drilling platform, which is currently undergoing completion at our yard in Haugesund. We are looking forward to continuing the realisation of the next phase of the Sverdrup field along with Statoil.”

The deal includes engineering, procurement and fabrication (EPC) work.

Work will commence immediately and will be headed up from Aibel’s office in Asker.

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Aibel’s engineering office in Thailand and its yards in Thailand and Haugesund will serve a key role to the delivery of the contract.

“We are looking forward to continuing the realisation of the next phase of the Sverdrup field along with Statoil.”

Around 3,500 employees will be involved in the duration of the work.

Construction of the P2 process platform will follow the same pattern of implementation that Aibel has used for the drilling platform for the Johan Sverdrup field.

The platform will comprise three modules, of which the upper process module (UPM) and converter module (HVDC) will be constructed at the company’s yard in Haugesund.

The third module is the main support frame (MSF) and will be developed at Aibel’s yard in Thailand.

Aibel EVP for field development and offshore wind Nils Arne Hatleskog said: “Through several years we have proven that we are capable of delivering large comprehensive projects at competitive terms, and that we have an organisation that is both competent and experienced across our locations.

“With internal rationalisation and improvement measures and good experience from construction of the drilling platform, I’m convinced that we will take a new giant project in our stride.”