Kvaerner invests in new quay at Stord

Posted On February 13th, 2018 - 10:41 am | by Oil and gas press

Kvaerner plans to invest NOK 370 million in a new quay at the company’s facility at Stord.

“The objective for this upgrade will be to make the facility more flexible. We invest now to strengthen our competitiveness, and this extension will position Kvaerner for deliveries of new solutions to both oil and gas projects and other market segments,”

says President & CEO Jan Arve Haugan.

The investment is subject to approval by Kvaerner’s Board of Directors within a short period of time. The background for the investment is a changing oil and gas market. More projects are expected in deep waters, which mean an increased demand for floating installations.

“A flexible facility is crucial, with large capacity that supports flawless project execution and on-time delivery. An extended quay provides greater opportunities for both crane lifts and outfitting. It will not only improve our productivity for assembly and completion of projects such as Johan Castberg, but also for future projects where integration or upgrading of floating platforms can be performed more efficiently at a deep sea quay,”

says Haugan.

The extension will increase the facility’s quayside with 266 metres, and extend its construction area with 17 000 square metres. The water depth at the new quay will be 16 metres, which is sufficient for the majority of floating offshore installations. Additionally, the crane lane will be extended by approximately 100 metres, which means that installations at the new “Vestkaien” will have increased crane coverage from the 1 050 tonnes gantry crane “Storen”.

Source / More: Kvaerner LLC

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