Aker Solutions wins contract from Premier Oil

Aker Solutions wins contract from Premier Oil

ID: 248044

(Thomson Reuters ONE) -


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.

The 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 day.

Aker Solutions' contract party is Aker Offshore Partner Ltd. The contract has
been booked as order intake in the first quarter of 2013.

ENDS

For further information, please contact:





Media:
Colin Ross, UK Communications Manager, Aker Solutions. Tel: +44 (0)
1224 750550,  Mob: +44 (0)7768 035428, E-mail: colin.d.ross(at)akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 91 13 71 94, E-mail: lasse.torkildsen(at)akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

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 field.

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 Reuters clients. 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 the information contained therein.

Source: Aker Solutions ASA via Thomson Reuters ONE
[HUG#1692121]




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Bereitgestellt von Benutzer: hugin
Datum: 11.04.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 248044
Anzahl Zeichen: 4310

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