NKT has received a letter of award by Equinor Energy to supply and install a cable system of 200 Kms of 80 kV high-voltage DC offshore power cables for the second phase of the Johan Sverdrup oil field development project in Norway.

October 30, 2018

The award is conditional upon finalization of the formal contract which is likely to take place within a few weeks. The contract value is expected to be approx. EUR 110m (approx. DKK 820m), corresponding to approx. EUR 82m in standard metal prices (approx. DKK 611m).

The cable system comprises 2×200 km of cables, which constitutes the symmetric +/-80 kV HVDC solution, and expected production start-up is end-2019.

The turnkey HVDC power cable solution to be delivered by NKT for Johan Sverdrup 2 will transmit power from the Norwegian power grid to the offshore oil field. Power from shore to the oil platform is an environmentally sustainable solution, significantly reducing CO2 emissions from oil and gas production. Johan Sverdrup is among the five biggest oil fields on the Norwegian Continental Shelf and it is one of the most important industrial projects in Norway with impacts for the coming more than 50 years.

The cable system to be supplied for the Johan Sverdrup phase 2 project will comprise 80 kV high-voltage DC offshore power cables. NKT expects to begin production of the cables at end-2019 with delivery slated to be made in 2021.