Aker Solutions wins oil separation contract in Brazil

Aker Solutions wins oil separation contract in Brazil

ID: 48931

(Thomson Reuters ONE) -



19 November 2010 - Aker Solutions has signed a contract to design, build and
supply heavy oil separation equipment to an FPSO vessel operated by OSX, an EBX
group company, in Brazil. The contract value is approximately NOK 40 million.

 "This is a major breakthrough for our in-house heavy oil compact technology. We
believe we are well positioned to win more contracts for further FPSO
conversions in the Brazilian market," says Børre Sveen, president of Aker
Solutions' process systems business in Norway.

The purpose of the EPC (engineering, procurement and construction) contract is
to offer new equipment to the existing process facilities, in order to convert
the current light oil process system to heavy oil production on board the OSX-1
FPSO, which will operate for OGX, the oil company operating on the Waimea field
offshore Brazil.

The contract scope includes design, procurement, fabrication and delivery of the
following items:

 ·          New degasser and compact electrostatic coalescer (CEC) mounted on a
common skid with interconnecting piping
 ·          Design modifications to existing second stage separator and delivery
of new internals
 ·          New third stage electrostatic 3D coalescer with internals

The work will be performed by Aker Solutions' process systems divisions in
Norway, Canada and Scotland.

Fabrication of vessels and skid will be done in Singapore. The delivery is
expected in April 2011.

The conversion of the FPSO and the client project administration is performed by
BWO in Singapore on behalf of OSX with delivery from the shipyard scheduled for
May 2011.

OSX is an oil service company and integrates activities in the sectors of
shipyard, chartering, operation and maintenance of offshore units.


ENDS







For further information, please contact:

Media:

Ivar Simensen, VP communication, Aker Solutions. Tel: +47 67 59 41 90, Mob:
+47 46 40 23 17

Investor relations:

Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194

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 ASA, through its subsidiaries and affiliates ("Aker Solutions"),
is a leading global provider of engineering and construction services,
technology products and integrated solutions. Aker Solutions' business serves
several industries, including oil & gas, refining & chemicals, mining & metals
and power generation. The Aker Solutions group is organised in a number of
separate legal entities. Aker Solutions is used as the common brand/trademark
for most of these entities.



Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has
aggregated annual revenues of approximately NOK 54 billion and employs
approximately 22 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies
with a focus on energy, maritime and marine resource industries. The Aker
companies share a common set of values and a long tradition of industrial
innovation. As an industrial owner controlling 40.27 percent of the shares in
Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the
development of Aker Solutions.

This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.









[HUG#1463835]








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


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Bereitgestellt von Benutzer: hugin
Datum: 19.11.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 48931
Anzahl Zeichen: 4638

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