Aker Solutions and MAN Diesel & Turbo Form Subsea Compression Alliance

Aker Solutions and MAN Diesel & Turbo Form Subsea Compression Alliance

ID: 427398

(Thomson Reuters ONE) -


October 16, 2015 - Aker Solutions and MAN Diesel & Turbo agreed to form an
alliance to develop the next generation in subsea compression systems that can
be used at even the smallest oil and gas fields to increase recovery and lower
costs compared with conventional platform solutions.

The two companies will build on their experience and cooperation from the
successful delivery of the world's first full-scale subsea gas compression
system at the Åsgard field in Norway. A key objective of the partnership is to
develop new, cost-effective technology for high-capacity subsea compression
systems.

"Åsgard was a game-changer that moved compressors from platforms to the seafloor
to improve recovery rates, reduce costs and enhance safety," said Alan Brunnen,
head of Aker Solutions' subsea business. "We're taking the technology further to
provide compression systems that are smaller, lighter and cheaper without
compromising on effectiveness."

The alliance combines Aker Solutions' capabilities in subsea processing,
compression systems, controls, systems and interventions with MAN Diesel &
Turbo's leading turbomachinery technology and its extensive gas compression
expertise. The compression systems will be based on proven technology and for
use at small subsea fields as well as large deposits such as Åsgard.

Compressors are used to maintain output as reservoir pressure at gas-producing
fields decline. Placing them on the seabed near the wellheads boosts recovery
rates, leaves a smaller environmental footprint and is safer to operate than on
a platform.

"Our strong cooperation over several years ensures our ability to focus on what
is truly important, delivering the safest, most reliable and cost-efficient
technology possible for developments of all sizes," said Mathias Scherer, senior
vice president sales and contracts at MAN Diesel & Turbo.





Aker Solutions delivered the subsea compression system at Åsgard, which came on
stream on September 17 to enable the recovery of an additional 306 million
barrels of oil equivalents from the Statoil-operated field. MAN Diesel & Turbo,
a sub-supplier to the project, is the first turbomachinery manufacturer to have
developed a centrifugal compressor installed on the seafloor. This technology
has undergone an extensive qualification program and was successfully tested for
the Åsgard project.

Aker Solutions and MAN Diesel & Turbo will provide customers with subsea
compression systems based on current solutions as well as develop the next
generation in this technology.

ENDS

About Aker Solutions
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 16,000
people in about 20 countries. Go to www.akersolutions.com for more information
on our business, people and values.

About MAN Diesel & Turbo
Based in Augsburg, MAN Diesel & Turbo is the world's leading supplier of large
diesel engines and turbomachinery. MAN Diesel & Turbo employs around 14,900
staff at more than 100 international sites, primarily in Germany, Denmark,
France, Switzerland, the Czech Republic, India and China. The product portfolio
includes two- and four-stroke engines for maritime and stationary applications,
turbochargers and propellers as well as gas and steam turbines, compressors and
chemical reactors. Complete solutions such as ship propulsion systems, engine
power stations and turbomachinery sets for the oil and gas and process industry
round off the scope of supply and services. Customers receive worldwide after-
sales services marketed under the MAN PrimeServ brand.

Aker Solutions Contacts:

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

Investors:
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, Senior Advisor, Aker Solutions. Tel: +47 67 51 30 39, Mob:
+47 911 37 194, E-mail: lasse.torkildsen(at)akersolutions.com

MAN Diesel & Turbo Contacts:

Communications Zurich
Tel.: +41 (44) 278 3325
Fax: +41 (44) 278 2261
E-Mail: roberto.rubichi(at)man.eu
Internet: www.man.eu

Sales & Contracts
Basil Zweifel
E-Mail: basil.zweifel(at)man.eu

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 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#1958810]




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Datum: 16.10.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 427398
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