Subsea 7 has received a front-end engineering and design (FEED) study contract for the marine installations associated with the Krafla development project, offshore Norway.
The contract, which has been awarded by Equinor, will allow the project partners to finalise the technical definition of the Krafla development.
Upon finalising the technical definition of the project, the project partners will make the final investment decision (FID), which is planned for late 2022.
Subsea 7 intends to immediately begin the FEED study for the marine installations associated with the Equinor-operated Krafla development project.
The company will undertake project management and engineering work at its offices in Stavanger, in Norway, and Aberdeen, in Scotland.
Furthermore, the company stated that it will conduct offshore installation activities in 2024, 2025 and 2026.
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