Aker Solutions wins contract in Malaysia

Tue Jun 25, 2013 2:02am EDT

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25 June 2013 - Aker Solutions has signed an agreement with Murphy Sarawak Oil Co. to deliver as many as 24 sets of splitter wellhead systems.

Aker Solutions wins contract in MalaysiaThe contract, which includes deliveries of ancillary equipment and services, is worth USD 15 million over three years and may be extended by a year.

Surface wellheads are used on land-based and shallow-water platforms for drilling and production equipment.

Murphy will use the equipment in Block SK 309/311, off the coast of Sarawak in East Malaysia.

"This is the first major surface wellhead contract for Aker Solutions in Malaysia," says Dave Hutchinson, head of Aker Solutions' subsea operations in Asia."We look forward to developing our relationship with Murphy in South East Asia, where we have worked together for several years."

Aker Solutions' splitter wellhead system enables drilling of two or more wells from a single well slot on a platform. This reduces the number of well slots needed by at least 50 percent and consequently requires less deck space.

Most of the equipment will be produced at Aker Solutions' dedicated surface wellhead manufacturing facility in Batam in Indonesia while Aker Solutions' Port Klang facility in Malaysia will produce the Shear-Safe surface gate valve actuators. The latter are used in the splitter wellhead system to improve the management of oil and gas flow under pressure.

Engineering and project management will take place at Aker Solutions' offices in Kuala Lumpur and Singapore.

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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