Lloyd’s Register Consulting will provide risk management support to companies involved in the Johan Sverdrup project

Risk expertise adds value to one of the largest oil discoveries ever made on the Norwegian Continental Shelf

LONDON, 3-6-2015 — /EuropaWire/ — A framework agreement awarded to Lloyd’s Register Consulting will provide risk management support to companies involved in developing the Johan Sverdrup project.

The leading compliance, integrity and specialist risk consultancy services group will provide a range of services in total risk assessment and safety studies. This latest project awarded to Lloyd’s Register Consulting represents an extension of the company’s collaboration with Aker Solutions from their initial FEED phase project.

Siri Revelsby, Senior Vice President of Lloyd’s Register Consulting says: “We’re extremely excited to be playing a critical part in this gigantic industrial adventure. This is a historic development and we’re proud to be on board. In today’s challenging environment this agreement ascertains our leading position in the market place.”

In the detailed engineering phase, the total risk assessment study will cover dedicated HAZID workshops to identify and analyse major hazards. It will include in-depth risk analysis relating to the field centre, processing platform, living quarter platform, the drilling platform, and riser platform. The work will also oversee key areas including installation, hook-up, and commissioning amongst other stages of this engineering phase.

The expertise provided by Lloyd’s Register Consulting will also quantify total risk levels for personnel and provide expertise in to the designs for accidental loads. The company’s risk experts will actively provide input to the Johan Sverdrup safety strategy.

Jørgen Bartnes, Project Manager from Lloyd’s Register Consulting says: “As we’re already deeply involved in the project and have a unique insight into the specific risk drivers and challenges for the field centre, we are able to ensure continuity and knowledge sharing.”

Lloyd’s Register Consulting will lead on sharing relevant information between parties involved the project and also assist with providing technical resources and back office support.

Bartnes highlights: “To provide the optimum transfer of our insight and hands-on experience achieved during the initial FEED phase, we will be deploying the same team of technical experts for the detailed engineering phase. This not only translates into safety-intelligent solutions, it also realises cost-efficiency without degrading on quality.”

The Johan Sverdrup discovery is one of the largest oil discoveries ever made on the Norwegian continental shelf and will prolong the life of the Norwegian oil industry for several decades. The discovery extends over an area of approximately 200 km² on the Utsira High in the central part of the North Sea and will be developed to reach first oil at the end of 2019.

With anticipated start-up in 2019, an estimated peak production of over 550,000 barrels per day, and a lifetime of half a century, the giant Johan Sverdrup field is expected to create value for owners and society beyond 2050.

The work by Lloyd’s Register Consulting will be performed to the Norwegian regulations, NORSOK standards, Statoil’s governing documents, and petroleum industry’s best practice. Statoil specific risk tolerance criteria, tools and methods will be also applied.

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Lloyd’s Register Consulting will provide risk management support to companies involved in the Johan Sverdrup project