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October 11, 2018

NKT to provide Norway oil field project with 200 km of HV DC power cables

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NKT announced that the company has won a project to install 200 km of 80 kV high-voltage DC offshore power cables for the second phase of the Johan Sverdrup oil field development project in Norway.

A press release said that the award, worth approximately 110 million euros, is conditional upon finalization of the formal contract which is likely to take place within a few weeks. The cable system, which will offer a +/-80 kV HVDC solution, is expected to be ready for use in late 2019.

The cable will transmit power from the Norwegian power grid to the offshore oil field, the release said, adding that power from shore to the oil platform is an environmentally sustainable solution, significantly reducing carbon emissions from oil and gas producti
Johan Sverdrup was described as among the five biggest oil fields on the Norwegian Continental Shelf. “I am very pleased that we continue working with our long-term customer Equinor Energy AS,” said NKT President and CEO Michael Hedegaard Lyng. “I see the letter of award as proof of our premium DC technology capabilities and of our ability to provide turnkey solutions with NKT Victoria as a differentiator.” He added that the award further bolsters the company’s “leading market position in the oil and gas segment, which along with offshore wind and interconnectors represents good growth opportunities for NKT.”

Earlier in 2018, NKT completed supply and installation of the high-voltage DC offshore power cable solution for the first phase of the Johan Sverdrup development project. Installation was conducted by NKT’s own industry leading cable-laying vessel NKT Victoria operating at 600 meters depth, which marks one of the deepest installations of bundled high-voltage DC cables in the world. In addition, the Johan Sverdrup 1 solution from NKT now constitutes the world’s longest extruded offshore cable to an offshore oil and gas platform facility.

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