Aker Solutions delivers Åsgard template to Statoil

Tue Jun 18, 2013 7:43am EDT

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18 June 2013 - Aker Solutions today delivered the steel frame for the world's first subsea gas compression facility to be installed at the Statoil-operated Åsgard field. The installation, set to come on stream in 2015, will enable the recovery of an additional 280 million barrels of oil equivalents.

Aker Solutions ships subsea template to Åsgard field The 1,800-tonne steel frame will in the next two weeks be installed on the Åsgard field seabed to form the base of the world's first subsea gas compression facility. It is the largest template manufactured by Aker Solutions, measuring 74 metres in length, 45 metres in width and 26 metres in height.

"The Åsgard project is a game changer for the entire industry," said Per Harald Kongelf, regional president for Aker Solutions in Norway. "The technology has the potential to change offshore gas field developments worldwide and I am very pleased that we have delivered this part of the project on schedule."

Extends field life
Reservoir pressure at gas-producing fields drops over time, reducing output. Gas compressors are used to raise the pressure and extend the life of a field. Such compressors have typically been installed on platforms over sea level. Placing the compressors on the seabed and near the wellheads improves recovery rates while reducing overall capital and operating costs. Subsea gas compression also leaves a smaller environmental footprint and is safer to operate than a platform.

The Åsgard subsea gas compression facility is set to go on stream in 2015 after two 11.5-megawatt compressors are installed. The facility will boost declining gas pressures at the Midgard and Mikkel satellite fields in the Norwegian Sea. The project is operated by Statoil and delivered by Aker Solutions.

ENDS

For further information, please contact:

Media:
Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 91 13 71 94, E-mail: lasse.torkildsen@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 provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.
 
Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 28 000 people in more than 30 countries. We apply the knowledge and create and use technologies that deliver our customers' solutions.
 
Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange.

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





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Source: Aker Solutions ASA via Thomson Reuters ONE

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