Aker Solutions wins Brynhild subsea contract

Aker Solutions wins Brynhild subsea contract

ID: 86996

(Thomson Reuters ONE) -


11 November 2011 - Aker Solutions has signed a contract with Lundin for the
engineering, procurement and construction of a subsea production system for the
Brynhild project on the Norwegian continental shelf. The contract value is
approximately NOK 700 million.

The scope of work includes one template-manifold structure, one riser base,
three subsea trees, three wellhead systems, control system, a tie-in system, 38
kilometres of umbilicals, HP riser and rental tooling. The contract contains
several options for additional equipment, including other field developments.

The Brynhild field is located north-west of the Ula field and 38 kilometres east
of the Pierce field. The water depth is approximately 80 meters. Brynhild will
be developed as a fast track subsea tie-back to the Pierce FPSO.

"We are very pleased to be awarded this first subsea production system contract
with Lundin. This contract allows us to utilise the total strength of our subsea
offering and work closely with this important customer", says Alan Brunnen, EVP
Subsea within Aker Solutions.

Management, engineering and procurement of the subsea production system will be
primarily performed at Aker Solutions' headquarters in Oslo, Norway. Fabrication
of the subsea trees will be completed at Aker Solutions' manufacturing centre in
Tranby, Norway and production of the template-manifolds will be carried out at
the company's fabrication yard in Egersund, Norway. The umbilical will be
manufactured in Moss, Norway and the control and wellhead systems will be
delivered out of Aberdeen, UK. Installation and commissioning will be handled by
Aker Solution's service base in Aagotnes, Norway. Final deliveries will be made
in Q2 2013.

The contract has been signed and booked as order intake in Q3 2011. The contract
party is Aker Subsea AS.

ENDS





For further information, please contact:

Media:
Severin Roald, VP communications, Aker Solutions. Tel: +47 22 94 55 23, Mob:
+47 92 03 00 33, E-mail:severin.roald(at)akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194, E-mail:lasse.torkildsen(at)akersolutions.com

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 oil services company that provides engineering services,
technologies, product solutions and field-life solutions for the oil and gas
industry. 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 35 billion and employs
approximately 18 000 people in about 30 countries.

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

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.







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

[HUG#1563209]


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Bereitgestellt von Benutzer: hugin
Datum: 11.11.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 86996
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