Breakthrough subsea deal for Aker Solutions

Breakthrough subsea deal for Aker Solutions

ID: 49057

(Thomson Reuters ONE) -


24 November 2010 - Aker Solutions has secured an important contract to supply
heating systems for the subsea pipelines that Technip will deliver and install
for the Goliat field in the Barents Sea. Contract value is approximately NOK 80
million.

Direct electrical heating (DEH) of pipelines is a technique used to avoid
hydrate and wax formation in pipelines used for transport of oil between the
manifolds on the seabed to the offshore facility. Heating up the pipeline will
prevent it from becoming blocked due to hydrate formation during shut-down
periods thereby minimising the use of chemicals and optimising the shut down
periods.

"The simplified explanation is that we are attaching cables to the subsea
pipelines. The oil from the wells may freeze and create a plug in the pipeline
if the production stops. The current from the cables heats the pipelines and the
oil content so that it remains viscous until production can start again," says
Tove Røskaft, senior vice president for umbilical technology, Aker Solutions.

"We have developed this system based on our market leading subsea umbilical
technology, with support from oil companies who want this product. The
combination of deeper waters, longer transportation distances and more complex
reservoir conditions will drive the need for flow assurance technologies like
our DEH-system."

Aker Solutions has previously successfully installed its DEH-system at a
development offshore West Africa.

"Technip as the installation contractor already has a long track record in DEH
installations.  We look forward to working with Technip on the Goliat project.
We will work hard to make it a success, which will open up new and exciting
markets for this technology," concludes Røskaft.

The DEH cables will be assembled at Aker Solutions cable and umbilical facility




in Moss, Norway. Final deliveries will be made in Q2 2013.

Aker Solutions' contract party is Aker Subsea AS.

ENDS

For further information, please contact:

Media:
Endre Johansen, VP Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob:
+47 416 10 605, E-mail:endre.johansen(at)akersolutions.com

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#1464570]








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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Datum: 24.11.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 49057
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