Aker Solutions ASA : Aker Solutions awarded frame agreement with Petrobras
27^th March 2013 - Aker Solutions has entered a frame agreement with Petrobras
to provide subsea equipment for the oil company's deepwater pre-salt field
developments in Brazil. The contract value is approximately NOK 4.6 billion
(USD 800 million).
The scope of work is for 60 well-sets with vertical subsea trees, subsea
control systems, tools and spares within the 2014-2018 period.
"Aker Solutions is honoured to work with one of the world's leading deepwater
operators. This long-term agreement confirms our partnership with Petrobras
and reflects our dedication to the Brazilian market," says Øyvind Eriksen,
executive chairman of Aker Solutions.
Petrobras will deploy the 60 well-sets in the pre-salt field developments
located 300 kilometres off the São Paulo coast in the Santos Basin.
"We are committed to developing the subsea industry in Brazil by growing our
Brazilian expertise supported by our international competence network," says
Luis Araujo, president and country manager of Aker Solutions in Brazil.
Aker Solutions has decided to further invest and expand in Brazil due to the
NOK 4.6 billion frame agreement with Petrobras and market forecasts for the
Brazilian oil and gas industry.
A new subsea manufacturing facility will be established in Curitiba in the
state of Parana, 800 km south of Rio de Janeiro. This new technology centre
will replace the current plant by 2015 and will employ approximately 1100
Only the first few well-sets within the new frame agreement will be
manufactured at the existing plant, while the remaining well-sets will be
assembled and tested at the new facility.
"We are continuing our efforts to establish large scale manufacturing
capabilities based on the technologies developed for Petrobras during our
first pre-salt projects. Our proven pre-salt technology gives Aker Solutions a
strong position in this market, and this will be used to further enhance local
content, such as subsea control systems. Aker Solutions has continuously
invested in developing the know-how and expertise of its employees in Brazil,"
Aker Solutions is also investing within other parts of the Brazilian offshore
industry. Last year, the company announced that it will build a new
multi-purpose service site for its drilling equipment business in Macaé, 180
kilometres northeast of Rio de Janeiro, significantly expanding its capacity
to serve the country's fast-growing drilling market. This site will be Aker
Solutions' fourth facility in Brazil, in addition to sites in Rio das Ostras,
Curitiba and Rio de Janeiro.
Aker Solutions has built up a significant presence in Brazil since 1978 when
the company was established locally. Today Aker Solutions has 1400 employees
in Brazil. In addition to being a market leader in the pre-salt area for
subsea equipment and services, Aker Solutions delivers downstream and topsides
process technology, offshore mooring and loading systems, deepwater drilling
systems, and subsea intervention services.
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:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions.
Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail:
For further information about sourcing and potential subcontracts for this
project, please visitwww.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
28 000 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 2012 Aker Solutions had
aggregated annual revenues of approximately NOK 45 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.
The information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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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