Ocean Installer Wins Major Castberg Marine Operations Contract

Statoil ASA has awarded Ocean Installer a substantial contract for marine operations on the Johan Castberg project in the Barents Sea.

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.




Location: Norway