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Aker Solutions wins its largest UK subsea contract

1 July 2013 - Aker Solutions has won a contract worth up to USD 440 million (approximately NOK 2.7 billion) to deliver the subsea production system for an oil field development in the UK North Sea. The delivery includes 25 subsea trees and six template manifolds. It also encompasses associated controls, wellheads and tie-in equipment for the field, which is one of the biggest projects currently under development in the UK North Sea. "This is the single-largest subsea contract that we've won in the UK," said Alan Brunnen, head of Aker Solutions' subsea business. "It further

Aker Solutions wins contract in Malaysia

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 Malaysia]The 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

Aker Solutions delivers Åsgard template to Statoil

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

Aker Solutions to double subsea manufacturing capacity in Brazil

22 May 2013 - Aker Solutions today laid the foundation stone of a new plant in Paraná that will double the company's subsea production capacity in Brazil. [Aker Solutions today laid the foundation stone of a new plant in Paraná that will double the company’s subsea production capacity in Brazil.]The plant in the city of São José dos Pinhais in the Paraná state in Brazil will be operational in 2015. It will replace Aker Solutions' current subsea manufacturing facility in Curitiba and double production capacity in the country. Aker Solutions' Executive Chairman Øyvind Eriksen and Luis

Aker Solutions awarded frame agreement with Petrobras

27th March 2013 - Aker Solutions has entered a frame agreement with Petrobras to provide subsea equipment for the oil company's deepwater pre-salt field developments in Brazil. The contract value is approximately NOK 4.6 billion (USD 800 million). The scope of work is for 60 well-sets with vertical subsea trees, subsea control systems, tools and spares within the 2014-2018 period. "Aker Solutions is honoured to work with one of the world's leading deepwater operators. This long-term agreement confirms our partnership with Petrobras and reflects our dedication to the Brazilian market,"

Aker Solutions receives second call-off from Petrobras

27th March 2013 - Aker Solutions has received a second call-off order from Petrobras for the delivery of subsea equipment for the Sapinhoá and Lula Nordeste pre-salt field developments in Brazil. The contract is a call-off from a frame agreement signed in April 2010. The contract value is undisclosed. Scope of work includes 20 well-sets with vertical subsea trees, subsea control systems, tools and spares within the 2013-2015 period. The contract is a call-off from a frame agreement signed in April 2010, when Petrobras ordered subsea production equipment for the Sapinhoá and Lula

Aker Solutions set to support redevelopment of landmark subsea field

13 March 2013 - Aker Solutions, the international oil services provider, has secured a NOK 650 million (GBP 70 million) contract with BP to help redevelop one of the largest oil fields in the UK sector. [Aker Solutions has secured a NOK 650 million (GBP 70 million) contract with BP to help redevelop one of the largest oil fields in the UK sector.]The Aberdeen operation of Aker Solutions will manufacture and supply all subsea controls equipment for the Quad 204 project, the redevelopment of the Schiehallion and Loyal fields located approximately 100 miles west of the Shetland Islands.

Aker Solutions completes Enovate transaction

27 February 2013 - Aker Solutions confirms that the transaction to buy a majority stake in Enovate Systems Limited, a leading technology company within subsea well control equipment, has been closed. [Aker Solutions completes Enovate transaction]Aker Solutions on January 29 announced that it had agreed to buy a controlling stake in Aberdeen-based Enovate . The transaction was closed on 26 February 2013. Enovate has developed a wide range of unique and patented components and

Aker Solutions awarded major frame agreement with Statoil

27 February 2013 - Aker Solutions, the international oil services provider, has as one of several suppliers been awarded a frame agreement with Statoil for the delivery of subsea operations and services on the Norwegian continental shelf. Subsea operations and services covers installation of subsea equipment, maintenance, upgrade and recertification of tools and installed equipment. It also includes workover activities and life extension of subsea wells. The size of the frame agreement is dependent on call-offs and the number of projects that Statoil decides to execute. The frame

Aker Solutions signs Aasta Hansteen SPS contract with Statoil

1 February 2013 - Aker Solutions has signed a contract with Statoil for the supply of a subsea production system for the Aasta Hansteen field development project on the Norwegian Continental Shelf. The contract value is approximately NOK 2 billion. Last week, Aker Solutions signed a NOK 280 million contract with Statoil for the supply of deepwater umbilicals for Aasta Hansteen. Now, the company has secured another major contract for this field development. The scope of work within the subsea production system includes three template-manifold structures, 7 subsea trees, in addition to

Aker Solutions acquires Enovate

29 January 2013 - Aker Solutions has agreed to acquire a majority stake in Aberdeen-based Enovate Systems Limited - a leading technology company within subsea well control equipment. The financial details of the acquisition are undisclosed. Enovate, which currently employs 62 people, has developed a wide range of unique and patented components and products for use in open water workover systems, in riser workover systems, rigless intervention systems and drilling safety systems. Specific advantages are superior cutting and sealing capabilities and the unique use of complete metal-to-

Aker Solutions signs Alvheim contract

27 December 2012 - Aker Solutions has signed a contract with Marathon Oil Norge for the delivery of subsea trees to the Alvheim field on the Norwegian continental shelf. Contract value is undisclosed. The contract includes the delivery of four subsea trees and associated equipment. The contract is part of the frame agreement, covering the North Sea and Europe, between Marathon Oil Norge, a wholly owned subsidiary of Marathon Oil Corporation, and Aker Solutions. "Our dedicated subsea teams in Norway and the UK look forward to execute another project on behalf of Marathon. We are very

Aker Solutions signs contract with McDermott subsidiary

20 December 2012 - The international oil services provider Aker Solutions 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. [Aker Solutions 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 6"-18" horizontal and vertical diverless tie-in connectors to be included in the McDermott umbilicals, risers and

Aker Solutions officially opens Malaysian subsea service base

16 October 2012 - International oil services company Aker Solutions has expanded its subsea business by establishing a subsea lifecycle service base in Labuan, Malaysia. The objective is to support all installed and future shallow and deepwater projects within the Asia Pacific region. [Aker Solutions officially opens Malaysian subsea service base]The new service base, which is located in Labuan Federal Territory in Eastern Malaysia, will provide strategic and effective support services for Aker Solutions' onshore and offshore oil and gas customers. An opening ceremony was held today

Aker Solutions signs Visund contract

2 October 2012 - Aker Solutions has been awarded a contract by Statoil to deliver five subsea trees and eleven control modules to the Visund field on the Norwegian continental shelf. Contract value is approximately NOK 300 million. The agreement is a call-off from an existing frame agreement between Statoil and Aker Solutions signed in 2007. The agreement also includes an option of an additional four subsea tree systems. Visund is an oil and gas field located 22 kilometres north-east of the Gullfaks field in the Tampen area of the Norwegian North Sea. The field came on stream in the

Aker Solutions awarded Troll extension

28 September 2012 - International oil service group Aker Solutions has been awarded a contract by Statoil to deliver three subsea trees, tubing hangers and a tool package to the Troll field on the Norwegian continental shelf. Estimated contract value is NOK 250 million. [The Troll trees will be manufactured at Aker Solutions' facility in Port Klang, Malaysia.]The extension is a call-off from a contract signed with Statoil in February 2012. The spare tubing hangers will be utilized on several parts of the Troll field. The Troll field is the world's biggest subsea development with

Aker Solutions and Statoil awarded ONS Innovation Award

29 August 2012 - Aker Solutions and Statoil have been awarded the ONS Innovation Award for the Åsgard subsea gas compression system. [Åsmund Bøe, chief technology officer at Aker Solutions]"This technology has the potential to change offshore gas field developments worldwide. With the forecast growth of subsea developments, subsea compression will become widespread, having even more impact as projects move into deeper waters further from shore. We are very pleased to be awarded this prestigious award," says Åsmund Bøe, chief technology officer at Aker Solutions. The ONS Innovation

Aker Solutions acquires subsea companies

17 July 2012 - Aker Solutions has acquired the Norwegian companies Subsea House and SSH Engineering and plans to further expand and recruit 50-100 people in Stokke, located in the Vestfold county of Norway. The transaction value is undisclosed. [Aker Solutions has acquired the Norwegian companies Subsea House and SSH Engineering]Subsea House and SSH Engineering, currently owned by Subsea Holding, employs 40 people in total. The companies were established in 2007 and have a solid background within development, assembly, testing and refurbishment of subsea tools and products. The

Aker Solutions invests $100m in new drilling equipment facility in Brazil

22 June 2012 - Aker Solutions is building a new multi-purpose service site for its drilling equipment business in Brazil, significantly expanding its capacity to serve the country's fast-growing drilling market. The $100 million development will also include substantial production, assembly and testing capacity, to provide local content to support the country's large drilling rig-building programme. The 335 000m2 facility in Macaé on Brazil's east coast is about 8 times bigger than Aker Solutions' current facility in nearby Rio das Ostras, reflecting expected growth in the company's

Aker Solutions invests in Thailand

12 June 2012 - International oil service group Aker Solutions continues its investments in Asia Pacific with a brand new lifecycle services workshop in Songkhla, in the Gulf of Thailand. [Aker Solutions continues its investments in Asia Pacific with a brand new lifecycle services workshop in Songkhla, in the Gulf of Thailand] Recently, Aker Solutions announced several investments in Malaysia including a new umbilical and a subsea service base, in addition to new equipment for its high-tech subsea manufacturing centre in Port Klang. The company is now further boosting its presence in

Aker Solutions to establish 1 700-strong engineering hub in London

7 June 2012 - Aker Solutions aims to build up a 1 700-strong London engineering hub - thereby creating 1 300 new jobs - by 2015, as growth in global oil and gas markets drives demand for the company's technologies and services. Øyvind Eriksen, executive chairman of Aker Solutions, shared this ambition with Prime Minister David Cameron and his Norwegian counterpart, Jens Stoltenberg, during a round-table discussion in Oslo, Norway, this morning.   [Aker Solutions’ decision to create 1300 new jobs at a new engineering hub in Chiswick is great news for the local economy and it is a vote

Aker Solutions targets Middle East and North Africa markets through acquisition of NPS Energy

21 May 2012 - Aker Solutions has agreed to acquire NPS Energy, which is part of oilfield services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which combined hold approximately 60 per cent of the world's proven oil and gas reserves. "After the divestment of our non-oil and gas related business in 2010 and the demerger from the EPC contractor Kvaerner in 2011, this is our next major step in the transformation of Aker Solutions into a leading and global oilfield products, systems and services company", says Øyvind Eriksen,

Total awards subsea contract to Aker Solutions

4 May 2012 - Aker Solutions has been awarded a contract by Total E&P Angola, to deliver seven new subsea tree systems to the Dalia field located offshore Angola. Contract value is approximately NOK 470 million. Scope of work includes seven production subsea trees, seven wellhead systems and seven well jumper systems, and may include some contract options. "Our first subsea tree award was signed for Dalia in 2003 and we have successfully delivered 71 subsea tree systems to this field. We are very pleased to continue this positive relationship with Total E&P Angola and look forward to

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