Aker Solutions wins umbilicals contract for ExxonMobil's Uaru Project in Guyana

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May 19, 2023 - Aker Solutions has been awarded a sizeable [1] contract from ExxonMobil to provide dynamic and static subsea umbilical for the Uaru project in Guyana.

The contract includes delivery of three dynamic and seven static umbilicals totaling over 52 kilometers in length. Project execution, engineering, and manufacturing will take place at the Aker Solutions facility in Mobile, Alabama. The work will begin immediately, and delivery is planned for the first quarter of 2026.

The Uaru field is part of ExxonMobil’s Starbroek project in Guayna and is expected to add approximately 250,000 barrels of daily capacity after targeted start-up in 2026.  

“We are excited by the award of the Uaru umbilical system, and to continue our relationship with ExxonMobil in Guyana, following the previous awards of the Payara and Yellowtail umbilical. These projects constitute an important portfolio of work in one of the most exciting basins in the world," said Maria Peralta, executive vice president and head of Aker Solutions' subsea business.

The contract will be booked as order intake in the Subsea segment for the second quarter of 2023.

1) Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK 1.5 billion.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email: torbjorn.andersen@akersolutions.com

Investor Contact:
Preben Ørbeck, mob: +47 470 10 611, email: preben.orbeck@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 15,000 people in more than 20 countries.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

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