Aker Solutions wins contract from Premier Oil
11 April 2013 - Aker Solutions has won a contract to provide hook-up, commissioning and facility management services to Premier Oil at the operator's Solan field development, west of Shetland.
The platform, which will not be permanently manned, will produce oil that will be stored in a subsea tank before being exported via an oil-offloading system to shuttle tankers.
Worth in excess of £30 million, the contract is valid for three years from first oil, with two one-year extension options. Work will be led from Aker Solutions in Aberdeen. First oil is expected in the fourth quarter of 2014.
Mike Forbes, UK managing director of Aker Solutions' maintenance, modifications and operations (MMO) business said: "I am pleased that we are continuing to develop our relationship with Premier Oil and their joint venture partner on this significant project in a challenging and increasingly important sector of the North Sea."
"Having worked with Premier Oil and Chrysaor on the project since 2010 and played a supporting role in the sanction of this development and the technology behind it, we look forward to embarking on the next stage of Solan's evolution," says Mike Forbes.
The Department of Energy and Climate Change approved Premier's plans for the Solan oil field in April 2012. Once brought online, Solan is expected to produce 40 million barrels of oil at an initial rate of 24,000 barrels per day.
Aker Solutions' contract party is Aker Offshore Partner Ltd. The contract has been booked as order intake in the first quarter of 2013.
ENDS
For further information, please contact:
Media:
Colin Ross, UK Communications Manager, Aker Solutions. Tel: +44 (0) 1224 750550, Mob: +44 (0)7768 035428, E-mail: colin.d.ross@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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