Aker Solutions Secures FEED Contract for Johan Sverdrup Phase II
(Thomson Reuters ONE) -
March 21, 2017 - Aker Solutions secured a front-end engineering and design
(FEED) contract from Statoil for the second phase of the major Johan Sverdrup
development offshore Norway.
The FEED work is for a new processing platform and the bridge that will connect
it to the development's riser platform. The contract also includes the design of
a module and the work to integrate this with the riser platform. The FEED will
build on experience from the development's first phase and involve more than
250 Aker Solutions employees in Oslo and Stavanger. It will be delivered in the
first quarter of 2018.
"We've worked closely with Statoil on significantly bringing down costs and
increasing the overall efficiency of this major development,'' said Luis Araujo,
chief executive officer of Aker Solutions. "We're very pleased to continue
supporting our customer in driving forward this landmark industrial project."
The FEED work is part of the 10-year framework engineering agreement awarded to
Aker Solutions for Johan Sverdrup in 2013. The contract includes options for
continued maturing of the design as well as engineering, procurement and
management assistance (EPMA) work.
The contract is valued at about NOK 300 million and will be booked as part of
Aker Solutions' first-quarter order intake.
Johan Sverdrup is estimated to hold 2 billion to 3 billion barrels of oil
equivalents. It's expected to produce up to 660,000 barrels of oil equivalents a
day when fully developed in 2022, equal to about a quarter of current domestic
output. Production is slated to start in late 2019 and is predicted to last for
about 50 years. The first development phase will consist of four platforms
linked by bridges.
Statoil is operator for the development, which spans three licenses. Other
partners include Lundin Norway, Petoro, Maersk Oil and Aker BP.
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
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 14,000
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
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2017 - 08:07 Uhr
Sprache: Deutsch
News-ID 531393
Anzahl Zeichen: 3473
contact information:
Town:
Fornebu
Kategorie:
Business News
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"Aker Solutions Secures FEED Contract for Johan Sverdrup Phase II"
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