Aker Solutions ASA : Aker Solutions set to support redevelopment of landmark
13 March 2013 -Aker Solutions, the international oil servicesprovider, has
secured a NOK 650 million(GBP 70 million) contract with BP to help redevelop
one of the largest oil fields in the UK sector.
Aker Solutions has secured a NOK 650 million (GBP 70 million) contract with BP
to help redevelop one of the largest oil fields in the UK sector.The Aberdeen
operation of Aker Solutions will manufacture and supply all subsea controls
equipment for the Quad 204 project, the redevelopment of the Schiehallion and
Loyal fields located approximately 100 miles west of the Shetland Islands.
The scope of work includes subsea controls equipment for subsea trees,
manifolds and subsea safety isolation valves as well as controls distribution
The Schiehallion and Loyal fields are estimated to contain a further 450
million barrels of recoverable oil and a GBP 3 billion upgrade is underway.
Due to the water depth in the area, Schiehallion is entirely reliant on subsea
production technology and is collected on a floating production, storage and
offloading vessel (FPSO).
Alan Brunnen, head of Aker Solutions' subsea business said: "West of Shetland
is an exciting area for oil and gas and we are delighted to continue our
successful relationship with BP by playing such a significant role in the
continuing development of this project."
"Our subsea business continues to grow from strength to strength, enabling our
clients to operate in deeper and harsher environments. Our subsea controls
centre of excellence is based in Aberdeen, so it is fantastic to be able to
service such a high profile project in its local market."
The deliverables will be managed, designed and built by Aker Solutions' subsea
controls centre of excellence in Aberdeen with the first deliveries made in
the first half of 2014.
Aker Solutions is the world leader in providing subsea production control
systems for the oil and gas industry. This state-of-the-art technology allows
subsea wells to be monitored and managed remotely through a complex series of
hydraulic and electrical connections between the surface and the seabed,
reducing the need forremote operated vehicle (ROV) intervention.
Aker Solutions is one of the largest employers in the North East of Scotland,
employing more than 2 700 staff. In May 2012, the company made a commitment to
create 500 additional jobs in the region within 24 months.
For further information, please contact:
Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94
55 23, Mob: +47 92 03 00 33, E-mail: email@example.com
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30
39, Mob: +47 91 13 71 94, E-mail: firstname.lastname@example.org
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Aker Solutions provides oilfield products, systems and services for customers
in the oil and gas industry world-wide. The company's knowledge and
technologies span from reservoir to production and through the life of a
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
27 500 people in more than 30 countries. We apply the knowledge and create and
use technologies that deliver our customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had
aggregated annual revenues of approximately NOK 36.5 billion. The company is
listed on the Oslo Stock Exchange.
This press release may include forward-looking information or statements and
is subject to our disclaimer, see www.akersolutions.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
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