Aker Solutions ASA Receives New Contract from Statoil
Aker Solutions ASA announced that it has signed a contract with Statoil for the supply of a subsea production system for Aasta Hansteen field development project on the Norwegian Continental Shelf. The contract value is approximately NOK 2 billion. The Company previously signed contract with Statoil for the supply of deepwater umbilicals for Aasta Hansteen. It has secured another contract for this field development. The scope of work within subsea production system includes three template-manifold structures, seven subsea trees, in addition to wellheads, controls, workover and tie-in systems. The contract contains options related to Aasta Hansteen which Statoil may exercise. Management, engineering and procurement will primarily be performed at Aker Solutions' headquarters in Norway. Fabrication of the subsea trees and workover systems will be completed at the Tranby manufacturing center. The production of the template-manifolds will be carried out at facilities in Egersund on the west coast and Sandnessjoen in the northern part of Norway. The facility in Aberdeen in the United Kingdom will deliver the control systems and the wellheads. The facility in Sandnessjoen will provide several fabrication services for the Company and will be deeply involved in the project. The fabrication of the template-manifolds in Sandnessjoen will also create regional spin-off effects. The first deliveries of the Aasta Hansteen subsea production system will be made in the first half of 2015.
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