Aker Solutions ASA Signs Contract with McDermott

Aker Solutions ASA announced that it has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the Ichthys LNG Project. The contract is valued at NOK 500 million. The scope of work includes the delivery of six-inch to eighteen-inch horizontal and vertical diverless tie-in connectors to be included in the McDermott umbilicals, risers and flowline scope for the Ichthys LNG Project. McDermott, is the main contractor for the Ichthys LNG SURF field development project. The project is a joint venture between INPEX (operator), TOTAL and other participants. Earlier in 2012, the Company was awarded the contract for engineering, procurement, fabrication and supply of static and dynamic umbilicals, totaling 63 kilometers for the Ichthys LNG Project. The Company has also been awarded a contract to supply a Mono Ethylene Glycol (MEG) reclamation plant for this project. The tie-in connector project will be executed by Aker Solutions' headquarters at Fornebu, Norway. Manufacturing will be handled by the strategic supply chain network and the expected delivery date is from 2013 to 2014. The connectors will be used to connect flowlines to subsea structures, manifolds and export riser bases.