Aker Solutions Wins Subsea Contracts for Dvalin Gas Field

Aker Solutions Wins Subsea Contracts for Dvalin Gas Field

ID: 498560

(Thomson Reuters ONE) -


October 4, 2016 - Aker Solutions secured two contracts worth at least NOK 900
million from DEA Norge to deliver the subsea production system, maintenance and
services at the Dvalin natural gas development offshore Norway.

The first order is for a production system encompassing a manifold, four subsea
trees and a 15-kilometer long umbilical that will connect to the adjacent
Heidrun platform. It also covers wellheads, controls, tie-in and workover
systems and options for further subsea production tie-back connections to
Heidrun. Initial deliveries are slated for the first half of 2018.

The companies also agreed on a five-year framework contract for maintenance and
servicing of all subsea production systems ordered under the first agreement,
including installation and commissioning services. The contract may be extended
by three-year periods.

"Dvalin is DEA's first development as an operator in Norway and we look forward
to working together to sustainably maximize the full potential of this field,"
said Luis Araujo, chief executive officer of Aker Solutions.

The value of the subsea production system as well as related installation and
commissioning services is about NOK 900 million and will be booked in fourth-
quarter orders. The size of the framework agreement depends on the amount of
work necessary and orders will be booked as they come in.

The work will primarily be carried out in Norway, with management, engineering
and procurement for the subsea production system handled at in Fornebu. Subsea
trees will be delivered from the plant in Tranby, manifolds from the Egersund
yard, the umbilical from the factory in Moss and controls systems from Aberdeen,
in the UK. Maintenance and services will be provided by the company's service
base in Ågotnes, Norway.

The Dvalin field, formerly named Zidane, will be developed as a subsea tieback




to the adjacent Heidrun platform in the Norwegian Sea. Gas from the field will
be transported via Heidrun through the Polarled pipeline to the Nyhavna
processing plant before being sent to the European market.

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

Investors:
Per Christian Olsen, Analyst, Investor Relations, Aker Solutions. Tel:
+47 67 51 36 58, Mob: +47 900 29 077, E-mail:
per.christian.olsen(at)akersolutions.com

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 13,000
people in about 20 countries. Go to http://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 http://akersolutions.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Aker Solutions ASA via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 04.10.2016 - 08:30 Uhr
Sprache: Deutsch
News-ID 498560
Anzahl Zeichen: 3896

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