# NKT awarded EUR 160M orders for Draugen and Njord platform electrification

NKT was awarded orders by OKEA ASA and Equinor Energy AS for two power cable systems to electrify the Draugen and Njord offshore platforms on the Norwegian continental shelf. The combined contract value is approximately EUR 160 million.

- Type: Contract
- Announced: 2022-12-15
- Where: Norwegian continental shelf, Norway
- Value: $170.0M (160.0M EUR)
- Status: announced
- Products: high-voltage AC offshore power cable systems, dynamic power cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NKT](https://endata.com/companies/15394.md)
- [Equinor](https://endata.com/companies/1741.md) (customer)
- [Aker BP](https://endata.com/companies/3380.md) (partner)
- [OKEA](https://endata.com/companies/8151.md) (customer)
- [NKT](https://endata.com/companies/15394.md) (supplier)
- [Lotos](https://endata.com/companies/20982.md) (partner)
- [Equinor Energy AS](https://endata.com/companies/35190.md) (customer)

## Sources

- [news.cision.com](https://news.cision.com/nkt/r/nkt-awarded-turnkey-hvac-electrification-projects-for-draugen-and-njord-platforms,c4225257), 2022-12-15: "The orders have a combined contract value for NKT of approx. EUR 160m in market prices."
- [news.cision.com](https://news.cision.com/nkt/r/nkt-awarded-high-voltage-power-cable-project--to-connect-offshore-platforms-in-norway,c4225255), 2022-12-16: "With this order, we continue our long-term collaboration with Equinor to ensure the electrification of the offshore industry in Norway."
- [globenewswire.com](https://www.globenewswire.com/news-release/2022/12/16/2575202/0/en/NKT-awarded-high-voltage-power-cable-project-to-connect-offshore-platforms-in-Norway.html), 2022-12-16: "With this order, we continue our long-term collaboration with Equinor to ensure the electrification of the offshore industry in Norway."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.