Aker Solutions ASA : Aker Solutions wins contract from Premier Oil
11 April 2013 - Aker Solutions has won a contract to provide hook-up,
commissioning and facility management services to Premier Oil at the
operator's Solan field development, west of Shetland.
Aker Solutions wins contract from Premier OilThe hook-up project will see two
subsea production and two subsea injection wells tied back to a fixed
production platform located in Block 205/26a of the UK North Sea, the first of
its kind west of Shetland.
The platform, which will not be permanently manned, will produce oil that will
be stored in a subsea tank before being exported via an oil-offloading system
to shuttle tankers.
Worth in excess of £30 million, the contract is valid for three years from
first oil, with two one-year extension options. Work will be led from Aker
Solutions in Aberdeen. First oil is expected in the fourth quarter of 2014.
Mike Forbes, UK managing director of Aker Solutions' maintenance,
modifications and operations (MMO) business said: "I am pleased that we are
continuing to develop our relationship with Premier Oil and their joint
venture partner on this significant project in a challenging and increasingly
important sector of the North Sea."
"Having worked with Premier Oil and Chrysaor on the project since 2010 and
played a supporting role in the sanction of this development and the
technology behind it, we look forward to embarking on the next stage of
Solan's evolution," says Mike Forbes.
The Department of Energy and Climate Change approved Premier's plans for the
Solan oil field in April 2012. Once brought online, Solan is expected to
produce 40 million barrels of oil at an initial rate of 24,000 barrels per
Aker Solutions' contract party is Aker Offshore Partner Ltd. The contract has
been booked as order intake in the first quarter of 2013.
For further information, please contact:
Colin Ross, UK Communications Manager, Aker Solutions. Tel: +44 (0) 1224
750550, Mob: +44 (0)7768 035428, E-mail: firstname.lastname@example.org
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30
39, Mob: +47 91 13 71 94, E-mail: email@example.com
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
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.
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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