Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
On 15 December 2022, NKT was awarded turnkey orders for two high-voltage AC power cable systems for the Draugen and Njord electrification projects by OKEA ASA and Equinor Energy AS. For Draugen (Electrification), NKT will design, manufacture and install a 123/145 kV offshore power cable system to supply power from shore, under contracts with a combined value of about EUR 160 million for both fields, with cable production starting in 2023 and commissioning planned for 2025.