Statoil awarding contract for utility and living quarter on Johan Sverdrup

Statoil is, on behalf of the Johan Sverdrup partnership, signing a contract with a joint venture consisting of Kvaerner and KBR for construction of the topside for the utility and living quarter platform. The contract has a value of NOK 6.7 billion. The contract includes engineering, procurement and construction (EPC) of the topside for the Johan Sverdrup utility and living quarters platform.