Aker Solutions Wins Five-Year EPMA Work at Johan Sverdrup Field
(Thomson Reuters ONE) -
January 21, 2015 - Aker Solutions will provide engineering, procurement and
management assistance services for five years at the Statoil-operated Johan
Sverdrup development in the Norwegian North Sea.
The EPMA work, valued at NOK 4.5 billion, is part of a 10-year framework accord
announced in December 2013 and comes after Statoil decided to exercise an
option. The assignment will last through 2019 and covers work in the
development's first phase.
"Johan Sverdrup will define the oil industry in Norway and play a large part in
our company's growth for years to come," said Luis Araujo, Aker Solutions' chief
executive officer. "We are sparing no effort and working in close cooperation
with the field's partners to ensure the development is second to none."
Aker Solutions last year delivered the front-end engineering and design work for
the development's first phase, consisting of four platforms linked by bridges.
The EPMA work for phase one is anticipated at its peak to involve more than
1,000 employees at Aker Solutions' engineering hubs in Oslo, London and Mumbai.
The field, the largest offshore oil find in Norway in 30 years, is estimated to
hold 1.8 billion to 2.9 billion barrels of oil equivalents. It's expected to
produce 550,000 - 650,000 barrels of oil equivalents a day when fully developed,
equal to about a quarter of current domestic output. Production is slated to
start in late 2019 and is predicted to last for about half a century.
Statoil is operator for the development, which spans three licenses. Other
partners include Lundin Norway, Petoro, Maersk Oil and Det norske oljeselskap.
"We're proud to expand on our close relationship with Statoil that has been
built over many years of offshore development," said Per Harald Kongelf, head of
Aker Solutions in Norway. "It's also gratifying to work with so many other
partners, which is a testament to the importance of this project."
A key focus of the project team is to identify ways to reduce costs and improve
the overall efficiency of the development.
"Finding cost-efficient and sustainable solutions is absolutely necessary and we
will keep working with the license partners to do this through a systematic and
ambitious improvement program," said Aker Solutions' Head of Engineering Valborg
Lundegaard.
A press conference hosted by Statoil will be held today at 8:45 a.m. CET at Rica
Park Hotel in Sandefjord, Norway. Valborg Lundegaard will represent Aker
Solutions.
ENDS
For further information, please contact:
Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel:
+47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani(at)akersolutions.com
Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel:
+47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-
andersen(at)akersolutions.com
Investor relations:
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel:
+44 208 811 7111, Mob: +44 7788 338 887, E-mail:
david.phillips(at)akersolutions.com
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194, 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 is a global provider of products, systems and services to the oil
and gas industry. Its engineering, design and technology bring discoveries into
production and maximize recovery. The company employs approximately 17,000
people in about 20 countries. Go to www.akersolutions.com for more information
on our business, people and values.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1888204]
Unternehmensinformation / Kurzprofil:
Datum: 21.01.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 365838
Anzahl Zeichen: 5048
contact information:
Town:
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Kategorie:
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"Aker Solutions Wins Five-Year EPMA Work at Johan Sverdrup Field"
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