Kvaerner confirms Hebron GBS win, values share at $1.5B3/14/2013
A Norwegian company is confirming that it is part of the joint venture that has won a big construction contract for the Hebron gravity-based structure (GBS).
Kvaerner says its share of the contract is valued at $1.5 billion.
The Norwegian firm and Peter Kiewit are 50-50 partners in the joint venture company — Kiewit-Kvaerner Contractors — doing the work.
"We are very pleased that Kiewit-Kvaerner Contractors has been selected to deliver the Hebron GBS,” Bjorn Gundersen, Kvaerner’s executive vice-president responsible for concrete solutions, said in a press release.
“This is a strategically important project for us and we believe it confirms our strong position within arctic technologies in general and gravity-based structures in particular.”
Engineering will be done in St. John's, with construction taking place at Bull Arm.
Kvaerner and Peter Kiewit Infrastructure have previously worked together on the White Rose floating production, storage and offloading system (FPSO) project for Husky Energy.
First oil for Hebron is expected in 2017.
When it comes online, Hebron will be Newfoundland’s fourth producing offshore field.