Aker Solutions ASA : Aker Solutions signs contract with Repsol Sinopec Brazil
4 July 2013 - Aker Solutions' subsidiary Managed Pressure Operations will
deliver managed pressure drilling (MPD) systems and riser gas handling
services to Repsol Sinopec Brazil. The parties agreed not to disclose the
value of the order.
The three-year contract comes with an option for an additional two years of
services. Repsol will use the equipment at an ultra-deepwater operation in the
"This contract will demonstrate the unique capabilities of our riser gas
handling safety system and introduce the first deep-water application of our
riser drilling device into an offshore MPD system below the tensioner on a
rig," says Charles Orbell, head of Managed Pressured Operations (MPO), which
is part of Aker Solutions' drilling technologies business.
The riser gas handling system helps control wellbore fluids during offshore
oil and gas drilling. It detects an influx of gas into a drilling riser and
diverts the gas to prevent a blowout.
MPD technology improves drilling performance and safety. The riser drilling
device seals the area around the drill pipe during drilling operations.
Integrating a riser drilling device with a riser gas handling system enables
MPD drilling operations.
Aker Solutions in February 2013 acquired Managed Pressure Operations
International, which provides knowledge and technologies within the emerging
managed pressure drilling segment. MPD is used to improve safety and
efficiency during drilling operations, enable access to new fields with
challenging drilling conditions and enhance the life of mature fields.
The contract has been booked as order intake in the second quarter of 2013.
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
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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