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May 18th 2013
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Kanowit subsea project win
Aker Solutions, through its subsidiary in Malaysia - Aker Process Systems Asia Pacific (APSAP), has been awarded two subsea contracts from PETRONAS Carigali Sdn Bhd (PETRONAS Carigali). The first is a work order to supply subsea production system and services for the Kanowit field, while the second is a contract to deliver 5600 metres of subsea umbilicals that tie back the Kanowit subsea wells to the Kumang Cluster, Offshore Bintulu, Sarawak, Malaysia. The engineering, procurement and construction work order is valued at approximately RM147 million (USD 45 million). This work order is the result of the frame agreement signed between APSAP and PETRONAS Carigali back in 2009 for the supply of a complete subsea production system and services for a period of three (3) years or until the completion of the Kanowit project.
Under the scope of work for this work order, APSAP will complete the engineering and delivery of a subsea production system consisting of two subsea trees, wellheads, subsea control system, manifold with high integrity pressure protection system, pipeline-end manifold and all tie-in equipment. APSAP will utilise Aker Solutions' high-tech manufacturing centre in the Port Klang Free Zone to deliver the project and the equipment. Delivery of the subsea hardware is scheduled for 2011.
Meanwhile, the second contract with an estimated value of RM17 million (USD 5 million) will cover project management, engineering, procurement and manufacturing of subsea steel tube umbilical and auxiliary equipment.
The subsea umbilical, which contains steel tubes and electric cable, will connect the host platform to the Kanowit subsea field.
APSAP will be delivering the contract out of Aker Solutions' purposed-built subsea umbilical facility in Moss, Norway. Delivery is expected to be completed by the second quarter of 2011.
Dave Hutchinson, president - Subsea Asia Pacific, Aker Solutions, says the success of this project is of high importance: ""Kanowit is PETRONAS Carigali's first subsea venture in Malaysian waters. It will be an important reference for future subsea jobs in Malaysia and a major milestone towards realising Malaysia as the regional deepwater centre for the oil and gas industry. Aker Solutions is honoured to be given a role in this transformation process. We are confident that we have the knowledge and skills that are vital to achieving the deepwater hub ambition together"".
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Aker Solutions gets subsea umbilical award from Noble Energy
Aker Solutions has been selected to supply further subsea umbilicals for leading US independent oil and gas company Noble Energy Inc. The deal is worth approximately NOK 270 million.
This latest order is an exercise of options agreed under the initial NOK 650 million umbilical contract which was announced on 9 April this year. The subsea umbilicals will be used at Noble Energy's Tamar deepwater project in the Mediterranean Sea.
The latest order is for approximately 105 kilometres of steel tube umbilicals, bringing the total order from Noble Energy up to 330 kilometres of subsea umbilicals.
Engineering and project management will be provided from Aker Solutions' facility in Mobile, Alabama, where the umbilicals will be manufactured too. Estimated delivery date is Q3 2011.
Aker Solutions' contract party is Aker Subsea Inc.
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Aker Solutions gets subsea umbilical award from Noble Energy
Aker Solutions has been selected to supply further subsea umbilicals for leading US independent oil and gas company Noble Energy Inc. The deal is worth approximately NOK 270 million.
This latest order is an exercise of options agreed under the initial NOK 650 million umbilical contract which was announced on 9 April this year. The subsea umbilicals will be used at Noble Energy's Tamar deepwater project in the Mediterranean Sea.
The latest order is for approximately 105 kilometres of steel tube umbilicals, bringing the total order from Noble Energy up to 330 kilometres of subsea umbilicals.
Engineering and project management will be provided from Aker Solutions' facility in Mobile, Alabama, where the umbilicals will be manufactured too. Estimated delivery date is Q3 2011.
Aker Solutions' contract party is Aker Subsea Inc.
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Aker Solutions wins drilling riser contract
Aker Solutions has won a contract to provide a complete, 8 000 feet drilling riser system to Sevan Marine's deepwater drilling rig Sevan Brasil.
The contract is worth more than USD 40 million. The delivery includes more than 100 riser joints, which will be produced at Aker Solutions' manufacturing facility in Rio das Ostras, Brazil.
""We are very pleased that Sevan Marine has chosen the Aker Solutions CLIP Riser(TM) system for its next deepwater drilling rig. This contract award is further evidence of our strong industrial capabilities and local presence in Brazil,"" says Tom Munkejord, president of Aker Solutions' drilling riser business.
Aker Solutions currently has 14 drilling riser systems in operation, three of which have been manufactured in Rio das Ostras. The company has delivered four drilling risers packages this year.
The contract is signed and booked as order intake in Q3 2010.
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Aker Solutions goes subsea for Shell in Gulf of Mexico
Aker Solutions has signed three subsea contracts with Shell Offshore Inc for deliveries to the operator's Popeye and Europa fields in the Gulf of Mexico. Contract values are undisclosed. Under the contracts, Aker Solutions will in total deliver approximately 40 km (25 miles) of electro-hydraulic steel tube umbilicals to Shell's Popeye field and Europa field extension. Aker Solutions will also install the umbilical for the Popeye field, using the company's deepwater installation vessel Boa Sub C.
""We have a strategic objective of combining our product and service offerings where they can create attractive business propositions for our customers. The contracts with Shell, where we will first manufacture the subsea umbilical and then install it, is one way of doing this,"" says Erik Wiik, President - Subsea North America, Aker Solutions.
Engineering, project management, and manufacturing will take place at Aker Solutions' state-of-the-art umbilical facility in Mobile, Alabama.
""This is an important contract for our umbilical facility in Mobile, Alabama. Although we have vast experience with Shell through our umbilical operations in Norway, this is our first Shell umbilical project to be executed by our team in Mobile, Alabama. Our key objective is excellent project execution, which will position us for further jobs with Shell,"" adds Wiik.
The Popeye field is located in Green Canyon block 116 in approximately 671.6 metres (2,200 ft) water depth and will tie-back to the Cougar fixed platform located in South Timbalier block 300 in 110.3 metres (362 ft) water depth.
The Europa A7 well is located in Mississippi Canyon block 935 in approximately 1143 metres (3750 ft) water depth and will tie-back to existing Europa subsea structure. The Europa development ties back to the Mars TLP located in Mississippi Canyon block 807 in 896 metres (2,940 ft) water depth.
Aker Solutions' contract parties are Aker Subsea Inc and Aker Marine Contractors Inc. The contracts are signed and booked as order intake in Q3 2010.
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Aker Solutions wins Hebron GBS project
Kiewit-Aker Contractors, a 50/50 joint venture between Peter Kiewit Infrastructure and Aker Solutions, has been awarded a contract by ExxonMobil Canada Properties (EMCP) for the Hebron Project gravity based structure (GBS). The contract is for Front End Engineering and Design (FEED) and site preparation, with the option at ExxonMobil's discretion to subsequently provide detailed engineering, procurement and construction (EPC) services. The contract value for Aker Solutions' share of the FEED and site preparation is USD 70 million.
The Hebron Field is an oil and gas development in the Atlantic Ocean located 350 kilometres offshore from St. John's, in Newfoundland and Labrador, Canada.
""We are very pleased that ExxonMobil has chosen to work with Kiewit-Aker Contractors on this strategically important project. It confirms our strong position within arctic technologies in general and gravity based structures (GBS) in particular. The GBS is one of our key products with a global and emerging market"", says Per Harald Kongelf, executive vice president in Aker Solutions.
FEED will commence immediately, with site preparation at the Bull Arm fabrication yard, Newfoundland and Labrador, Canada, to be performed once permits are received. Aker Solutions' project management will be based in St. John's, Newfoundland and Labrador, Canada.
Aker Solutions has a long track record for offshore concrete structures, with a series of 15 concrete structures, both fixed and floating designed, constructed and installed on the Norwegian Continental shelf between 1971 and 1993. Recent offshore concrete projects by Aker Solutions are substructures to two platforms, installed in 2005 east of Sakhalin in Russia for Sakhalin Energy, the Adriatic LNG terminal installed in 2008 outside Venice in Italy, and the Arkutun-Dagi GBS for the Sakhalin-1 project currently being constructed in Nakhodka, Russia for Exxon Neftegas Limited.
Aker Solutions and Peter Kiewit Infrastructure have a long history of working together, with main project references being the Hibernia GBS offshore Newfoundland and Labrador, Canada for Hibernia Management and Development Company Ltd. (HMDC) and the White Rose Floating Production, Storage and Offloading system (FPSO) project for Husky Energy. The Kiewit-Aker Contractors joint venture was established in 2010 with a 50/50 percent ownership.
GBS contract parties are ExxonMobil Canada Properties and Kiewit-Aker Contractors.
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Aker Solutions wins Energy Award at IChemE for its innovative ADTR(TM) power station
Aker Solutions' Accelerator Driven Thorium Reactor (ADTR(TM)) has won the prestigious Energy Award at this year's IChemE (Institution of Chemical Engineers) Innovations and Excellence Awards. The Energy Award recognises the best project or process to demonstrate innovation in renewable energy, alternative energy sources, efficient energy use or the development of energy production methods that reduce energy and water intensity.
More about the ADTR(TM) power station
The Accelerator Driven Thorium Reactor (ADTR(TM)) power station is the name given by Aker Solutions for the company's new design of a nuclear power station. Given world-wide expansion in nuclear power generation, driven by many countries to combat climate change and meet growth in energy demand, the ADTRTM provides the ideal solution to use thorium as an alternative fuel to uranium.
Aker Solutions has developed the concept design of a 600MWe ADTRTM power station with Nobel Prize winner Professor Carlo Rubbia of CERN. The design is an accelerator driven, thorium fuelled, lead cooled, power producing, fast reactor. Thorium is an abundant mineral deposit; there is 3 to 5 times more thorium in the world than uranium. One tonne of mined thorium produces as much energy as 200 tonnes of mined uranium, or 3,500,000 tonnes of mined coal. Thorium has non-proliferation benefits as it does not require the expensive enrichment process often associated with military use.
The ADTR(TM) power station can be configured to burn radioactive wastes from current uranium fuelled reactors, thus reducing the long term waste burden and environmental risks with waste storage. The ten year fuel cycle gives the ADTR(TM) significant economic benefits over current uranium fuelled nuclear reactors.
A key advantage of accelerator driven, sub-critical systems over conventional nuclear reactors, is that the accelerator is the main source of reactor control; turn off the accelerator and the reaction reduces virtually instantaneously. This system also enables simple load following control capability.
""This technology offers the potential to supply even small grids from compact 600MW reactors constructed safely underground,"" says Gary Mandel, executive vice president of Aker Solutions' Process and Construction business.
The ADTR(TM) power station is targeted at the global energy market, aligning itself with fourth generation nuclear reactor concepts that will come to fruition by 2030.
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Aker Midsund to deliver separation equipment to Goliat and Gudrun worth NOK 180 million
Aker Midsund, a wholly-owned subsidiary of Aker Solutions, has signed a contract to deliver four separator and scrubber packages to Hyundai Heavy Industries for the Goliat FPSO. The project has a contract value of NOK 120 million.
Separately, Aker Midsund has entered into a contract with Aibel AS to deliver two separator and scrubber packages for the Gudrun project. The project has a total contract value of NOK 60 million.
The two contracts have a combined value of NOK 180 million, and are important achievements for Aker Midsund.
""These contract wins are in accordance with our strategy to be the number one separation equipment fabrication facility for the North Sea and Barents Sea market,"" says Peter Tennfjord, president of Aker Midsund.
These contracts are further confirmation of Aker Midsund's position as a provider of quality products to the energy industry in the North Sea and Barents Sea.
Aker Midsund AS, located in the northwest of Norway, offers design, engineering, project management and manufacturing of pressure vessels, process vessels and storage tanks for the oil and gas industry. The company also has an industry-leading competence in stainless, acid-proof and high-tensile steel, including clad material.
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Breakthrough subsea deal for Aker Solutions
Aker Solutions has secured an important contract to supply heating systems for the subsea pipelines that Technip will deliver and install for the Goliat field in the Barents Sea. Contract value is approximately NOK 80 million.
Direct electrical heating (DEH) of pipelines is a technique used to avoid hydrate and wax formation in pipelines used for transport of oil between the manifolds on the seabed to the offshore facility. Heating up the pipeline will prevent it from becoming blocked due to hydrate formation during shut-down periods thereby minimising the use of chemicals and optimising the shut down periods.
""The simplified explanation is that we are attaching cables to the subsea pipelines. The oil from the wells may freeze and create a plug in the pipeline if the production stops. The current from the cables heats the pipelines and the oil content so that it remains viscous until production can start again,"" says Tove Røskaft, senior vice president for umbilical technology, Aker Solutions.
""We have developed this system based on our market leading subsea umbilical technology, with support from oil companies who want this product. The combination of deeper waters, longer transportation distances and more complex reservoir conditions will drive the need for flow assurance technologies like our DEH-system.""
Aker Solutions has previously successfully installed its DEH-system at a development offshore West Africa.
""Technip as the installation contractor already has a long track record in DEH installations. We look forward to working with Technip on the Goliat project. We will work hard to make it a success, which will open up new and exciting markets for this technology,"" concludes Røskaft.
The DEH cables will be assembled at Aker Solutions cable and umbilical facility in Moss, Norway. Final deliveries will be made in Q2 2013.
Aker Solutions' contract party is Aker Subsea AS
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A/S Norske Shell extends maintenance and modification contract with Aker Solutions
A/S Norske Shell has decided to extend the maintenance and modification contract with Aker Solutions, exercising a 2 year option in the existing agreement for the Draugen and Ormen Lange fields. Work under the new option will last until December 2012. The contract value is estimated to be in the range of NOK 1- 1.5 billion.
The original maintenance and modification contract was signed in December 2005 with duration of five years.
""Using the option to extend the contract underlines the strong integration between A/S Norske Shell and Aker Solutions, and it enforces our determination to utilize the competence Aker has built up, from the offices in Kristiansund and Stavanger. It also holds a substantial potential to unlock closer cooperation with local engineering and fabrication businesses"", says Project Manager in Norske Shell, Bernt Granås.
""We are very pleased that a key international player as Shell renews its trust in our services. This extension ensures the basis for continued growth in Mid-Norway, and at our engineering offices in Kristiansund"", says president for Maintenance, Modifications and Operations in Aker Solutions, Stian Vemmestad.
Scope of work under the contract includes studies, engineering , fabrication, installation as well as commissioning and employs 600 people. In addition to ongoing maintenance and modification work, Aker Solutions is currently involved in projects related to test facility for subsea compression for Ormen Lange and produced water injection at Draugen.
Contract parties are Aker Solutions subsidiary Aker Offshore Partner AS and A/S Norske Shell.
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Aker Solutions wins contract for gasification and liquefaction plant in US
Medicine Bow Fuel & Power LLC has awarded Aker Solutions the Front End Engineering and Design (FEED) package for its Medicine Bow Industrial Gasification & Liquefaction Plant located near the town of Medicine Bow, Wyoming, USA.
Aker Solutions successfully completed a Pre-FEED study for the project in July 2010. Since then Aker Solutions has worked under a letter of intent to provide services relating to design review, licensor support as well as additional Pre-EPC engineering and design. ""We look forward to our continued relationship with Medicine Bow Fuel & Power,"" said Glyn Rodgers, vice president and general manager, Aker Solutions. ""It is exciting to see this project, the first of its kind in the United States and only the second one anywhere in the world, progress to the next stage.""
The facility will produce liquid transport fuels and is due to come on line in 2015. When complete, the plant will be capable of converting coal into up to 21,000 barrels per day (BPD) of gasoline and LPG liquid fuels.
""This is a very significant step for the Medicine Bow Project,"" said Robert Kelly, the Chairman of DKRW Advanced Fuels LLC, the owner of the Medicine Bow Project. ""The end result of this will be a final design and turn-key estimate which we will use to finance and build the project.""
Medicine Bow Fuel & Power LLC is wholly owned by DKRW Advanced Fuels LLC. DKRW Advanced Fuels is a development-stage hydrocarbon conversion company focused on the commercial development, construction, ownership and operation of facilities designed to convert lower-value hydrocarbons into products that traditionally have been produced by crude oil.
By utilizing proven coal gasification and liquefaction technologies, DKRW Advanced Fuels LLC plans to convert more abundant resources, primarily solid hydrocarbons such as coal, into competitively priced products such as gasoline and diesel. Aker Solutions' contract party is Aker Solutions Americas Inc. Contract value is undisclosed.
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Aker Solutions wins Kristin low pressure production (LPP) modification contract
Aker Solutions has won a contract to build and install a new compressor module on the Statoil-operated Kristin platform in the Norwegian Sea. The contract value is approximately NOK 900 million.
The purpose of the modification is to increase recovery from the field and accelerate production by adapting the platform to changes in reservoir pressure. Work starts immediately, with a scheduled delivery in Q1 2014.
""We are very pleased to win the Kristin LPP contract. This project is in line with our strategy to be the preferred life-of-field partner through assisting our customers in executing their increased recovery projects,"" says president for maintenance, modifications and operations in Aker Solutions, Stian Vemmestad.
Aker Solutions has previously carried out front-end engineering design (FEED) for the Kristin LPP modification.
The project will be managed from Aker Solutions' offices in Bergen and executed as a joint effort between Aker Solutions in Bergen, Trondheim and Egersund.
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AMC Connector: targeting the deepwater segment
AMC Connector, a future new-build subsea installation and construction vessel from Aker Solutions, has finalised its vessel specs. With a total payload capacity of 9 000 tonnes of subsea power cables or umbilicals, the vessel will be well equipped to target the deepwater installation segment.
AMC Connector - previously called Aker Connector - will be equipped with two turntables for high voltage power cables or subsea umbilicals: one 6 000 tonnes capacity on deck and another 3 000 tonnes capacity below deck. With a total product payload of 9 000 tonnes, AMC Connector will be able to take on highly complex and sizeable installation projects. At full payload the 157 x 32 metres ship will boost an impressive transit speed of 16 knots. This will make the vessel a highly competitive alternative for installation jobs in remote locations.
In addition, the vessel's design enables her to operate safely and efficiently in higher waves than most other high-end construction vessels. AMC Connector will comfortably operate in significant wave height (Hsig) of 4-5 metres, which means that she will have an operating window at the leading edge for installation and construction vessels.
""When she is delivered in the beginning of 2012, AMC Connector will be a fantastic asset to our customers around the world. The unique wave motion characteristics will enable longer installation seasons and increased project execution predictability,"" says Svein Haug, president of Aker Marine Contractors, who will operate the vessel.
The vessel will be equipped with two heave-compensated offshore cranes - with 400 and 50 tonnes capacity respectively - that can operate down to 3 000 metres water depth. She will have two 3 000 metres capacity, remotely operated vehicles (ROVs) onboard and can accommodate 140 people.
""AMC Connector is a multi-purpose ship which will be a highly competitive cable and umbilical installation vessel, but is also equipped to perform deepwater construction work as well as other installation jobs,"" adds Haug. A unique feature is the vessel's deck flexibility, which enables her to meet a wide range of service demands. Within some two days the on-deck modules can be removed from the deck, freeing up a total space of approximately 1 500 square metres. This will enable transport and installation of large spools and jumpers as well as subsea structures and manifolds.
AMC Connector is built by STX Europe and will be outfitted at their yard at Søviknes, Norway. She will be ready for operations from Q1 2012. Subsea power cable provider ABB has already secured the vessel for installation campaigns during 2012 and 2013. The vessel will be owned 50/50 by Aker Solutions and Singapore-based Ezra Holdings Ltd (Ezra), which recently acquired 100 percent of the shares in Aker Solutions' subsidiary Aker Marine Contractors AS. As part of the agreement, Aker Solutions becomes a substantial shareholder in Ezra. The transaction is expected to be completed during Q1 2011.
By becoming part of Ezra, Aker Marine Contractors will have access to a larger and rapidly growing fleet of installation vessels covering all IMR and SURF installation segments - including flexible and rigid pipelay with capacity up to 3 500 metres water depth - which will enable Ezra/Aker Marine Contractors to compete with the world's leading SURF contractors.
Ezra operates in the offshore market under the EMAS brand name. EMAS is an integrated offshore support solutions provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore.
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Aker Solutions won Eldfisk EPC contract
Aker Solutions has signed an EPC contract with ConocoPhillips to deliver the topside and bridges of the production platform for the Eldfisk 2/7 S, in the North Sea. The contract value is approximately NOK 5,5 billion. The contract award is subject to Norwegian authorities' approval of the plan for development and operation (PDO).
The topside consists of one combined living quarter and utility module and a combined process and wellhead module, with a total weight of 15500 tons. In addition, the contract includes the fabrication of two bridges, one bridge support modules and a flare.
Aker Solutions will begin the detail engineering instantly, while fabrication is expected to commence early 2012. The topside will be delivered from Aker Solutions yard at Stord early 2014.
Options for execution of offshore hook-up and commissioning assistance are included in the contract.
Eldfisk is one of the two biggest fields in the Greater Ekofisk Area and have been in production since 1979. The field is located in the southern part of the North Sea, about 300 kilometres from the shore. The contract party is the Aker Solutions subsidiary Aker Stord AS.
Marine Companies
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Control umbilicals contract awarded by Statoil
Aker Solutions has signed a contract with Statoil to supply control umbilicals to the Norne field located in the Northern part of the North Sea. The contract value is approximately NOK 200 million.
The scope of work for the Fossekall-Dompap project includes a control umbilical system with a total of 26 kilometres of dynamic and static sections. The control umbilicals provide hydraulic, electrical and fibre optic functions for three planned four-slot templates and have a 2.5 inch MEG line (mono ethylene glycol) for hydrate prevention and inhibition during shutdowns.
The Norne field is located 200 kilometres west from Sandessjøen in a water depth of 380 metres and occupies blocks 6608/10 and 6608/11. The field has been developed with a production and storage off-loading ship tied to subsea templates.
""This contract signifies our leading position in the control umbilicals market. We are delighted to be awarded this fast track project from Statoil in the North Sea"" says Tove Røskaft, senior vice president of Aker Solutions' umbilical business. Engineering of the control umbilicals will be managed out of Aker Solutions' facility in Oslo, Norway and control umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will be made in Q2 2012.
Aker Solutions holds a market share of more than 50% within steel tube umbilicals. This position has been backed by a strong focus on health, safety and the environment (HSE) which has been exemplified through reaching an important milestone of five years without a lost time injury (LTI) at both production sites in Moss, Norway, and in Mobile, Alabama.
Marine Companies
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Aker Solutions win drilling equipment contract
Aker Solutions won a contract from Daewoo Shipbuilding & Marine Equipment to supply a complete drilling equipment package for a new deepwater drill ship. The contract is worth about NOK 540 million. The drill ship will be owned and operated by Tungsten Explorer Company, a subsidiary of Vantage Drilling Company.
""We are very pleased to have won another contract to deliver our deepwater drilling equipment and systems, which underlines our strong and fruitful relationships with the yard and the team at Vantage Drilling"" says Thor Arne Håverstad, executive vice president and head of Aker Solutions' drilling technologies business.
Bill Thomson, VP Assets and Engineering at Vantage Drilling says: ""We appreciate the commitment by Aker Solutions to provide a drilling package that meets and exceeds our expectations. This will be the seventh drilling package from Aker Solutions that Vantage will be involved in. As such Aker Solutions' commitment to deliver not only an excellent service during the construction but to provide a first-class customer service when in operations is important to the success of Vantage Drilling.""
The equipment will mainly be delivered in 2012.
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Aker Solutions wins Åsgard modification contract
Aker Solutions has secured a contract for subsea compression topside modifications of the Åsgard A and B platforms with Statoil. The contract value is approximately NOK 650 million.
The purpose of the modification is to supply electricity to the Åsgard subsea compressor units, which will be installed in 2013. In December 2010 Statoil awarded Aker Solutions the NOK 3.4 billion contract to develop the world's first full scale subsea compression system.
Scope of work includes building and installing an 800 tonne new module and integration work on the Statoil-operated Åsgard A and B platforms in the North Sea. The work will be executed as an engineering, procurement, construction and installation contract (EPCI).
Design and procurement work will start immediately and fabrication work is planned to start October 2011, with a scheduled delivery in Q4 2014.
""This award further strengthens Aker Solutions' partnership with Statoil in the development of groundbreaking subsea compression technology,"" says executive vice president for Maintenance, Modifications and Operations in Aker Solutions, Tore Sjursen.
The project will be managed from Aker Solutions' offices in Trondheim and executed as a joint effort between Trondheim and Egersund.
Contract parties are Aker Solutions subsidiary Aker Offshore Partner AS and Statoil ASA.
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Aker Solutions buys majority stake in Benestad and Phaze Technologies
Aker Solutions has acquired 70 percent of the Norwegian companies Ing. Harald Benestad AS (Benestad) and Phaze Technologies AS, leading suppliers of controls and power distribution products and advanced instruments for subsea applications.
Benestad and Phaze Technologies, founded and owned by Harald, Pål and Randi Benestad, are well established globally in the subsea industry and have been among the key suppliers to Aker Solutions as well as other major subsea companies for a number of years. Both companies are located in close proximity to Aker Solutions' subsea technology and manufacturing centre in Lier, Norway, and employ 33 people and with a 2010 operating revenue of NOK 49 million (USD 9 million).
Benestad, a highly specialised materials science company, delivers high technology products for hostile, extreme pressure and high temperature subsea environments. All subsea instruments and power consumers require leak free connections through pressure housings and Benestad's power and signal penetrators are viewed by Aker Solutions as the best quality with the highest functionality in the industry.
Phaze Technologies provides advanced and reliable instruments for hydrocarbon leak detection, water leak detection, pressure and temperature measurements and water cut metering. The market for such products is growing as a consequence of more stringent environmental regulations and optimisation of production from subsea fields.
""Benestad and Phaze Technologies have unique competence and experience within their fields and a strong commitment to developing leading edge and extremely reliable products. They have very strong technological expertise which will significantly broaden and deepen Aker Solutions' competence base"", says Mads Andersen, executive vice president of Aker Solutions' subsea business area.
Pål Benestad, chairman of Benestad and Phaze, says: ""Aker Solutions share our vision to be the preferred partner to our existing and new customers. Innovative solutions based on strong technological know-how will remain our focus area going forward and access to Aker Solutions' customers and regional network will enable further growth for both Benestad and Phaze.""
Both companies will continue to operate as independent companies with existing management and brands servicing a broad range of long standing clients. Completion of the agreement is subject to clearance by Norwegian competition authorities. The transaction value is undisclosed.
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Aker Solutions selected by Marine Well Containment Company to provide subsea equipment for expanded containment system
Aker Solutions has been selected for the design, procurement, and fabrication of the subsea containment and diverter assembly for the expanded containment system being developed by Marine Well Containment Company (MWCC). Contract value is undisclosed.
Marine Well Containment Company (MWCC) is a not-for-profit, stand-alone organisation committed to improving capabilities for containing a deepwater well control incident in the U.S. Gulf of Mexico. Members include ExxonMobil, Chevron, ConocoPhillips, Shell, BP, Apache, Anadarko, BHP Billiton, Statoil and Hess.
MWCC's expanded containment system is being engineered for use in the U.S. Gulf of Mexico in water depths up to 10 000 feet (3 000 metres) and will have the capacity to contain 100 000 barrels of liquid and 200 million cubic feet of gas per day and is designed for a 15 000 psi maximum working pressure.
""We are pleased to assist MWCC in the development of its expanded containment system,"" says Erik Wiik, President, Subsea North America, Aker Solutions. ""This is also a testament to the experience and performance of Aker Solutions' employees in Houston, Texas.""
Aker Solutions will provide the subsea containment assembly equipped with a suite of adapters and connectors to interact with various interface points consistent with the well designs and equipment typically used by oil and gas operators in the U.S. Gulf of Mexico.
Engineering and project management for the containment and diverter assembly will be provided from Aker Solutions' Houston office. Aker Solutions' contract party is Aker Subsea Inc.
The contract has been signed and booked as order intake in Q2 2011.
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Changes of management in Aker Solutions' Subsea business area
Alan Brunnen and Tove Røskaft will both take a seat at the executive management team of Aker Solutions following a restructuring of the company's business area Subsea. Mads Andersen who has headed Subsea leaves the company after eight years in the same executive team.
Alan Brunnen has headed up Aker Solutions' regional subsea business in Aberdeen and the Controls segment since early 2009. He joined Aker Solutions in 2006 and has nearly 30 years experience from the oil and gas industry. He will now step up to head the new Subsea business area.
In his new role, Brunnen will also be responsible for the Brazilian subsea operations of Aker Solutions, which reported significant quality issues related to its deliveries in the second quarter this year. An experienced task force headed by Chief Operating Officer Per Harald Kongelf has been mobilised to support him and the newly appointed Brazil Subsea manager Egil Bøyum in evaluating and addressing these issues. This work is still ongoing.
The change in organisational structure means that the Umbilicals segment, which represents approximately twenty percent of the former Subsea business area, becomes a business area in its own right. Tove Røskaft has headed Umbilicals since 2009 and will continue to do so in her new role. She has been with Aker Solutions since 1996.
This brings greater visibility to Umbilicals, which is one of Aker Solutions' key product lines in the Subsea business. The company's two Umbilical manufacturing sites in Moss, Norway and Mobile, USA serve a global market which is growing rapidly.
Marine Companies
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Aker Solutions wins drilling riser contract
Aker Solutions has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea. The riser package will be installed on Atwood Oceanics, Inc.'s ultra-deepwater drillship, the Atwood Advantage. The contract value is approximately $48 million.
The 10 000 ft deepwater drilling riser system will be manufactured and delivered out of Aker Solutions' manufacturing plant in Port Klang, Malaysia. Delivery of the drilling riser system is scheduled for March 2014. The delivery is related to the first of two options included in the drilling riser contract announced in July 2011.
""We are very pleased to see our customers DMSE and Atwood exercising their option for the Aker Solutions CLIP riser systems,"" says Thor Arne Håverstad, executive vice president of Aker Solutions' drilling technologies business.
Aker Solutions has delivered 16 drilling riser systems in the past 16 months, with positive feedback from operations. ""I am proud to see that we are able to deliver another deepwater CLIP riser to our returning customers. These achievements are the results of the CLIP risers' operational advantages, our technology expertise and service offering in the deepwater drilling market,"" says Tom Munkejord, president of Aker Solutions' drilling riser business.
Aker Solutions offers complete drilling equipment packages, including project management, conceptual design, detailed engineering and procurement. Aker Solutions provides the full range of topside drilling equipment and systems, and worldwide customer support through a global drilling lifecycle services organisation.
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Aker Solutions acquires Sandnessjøen Engineering
Aker Solutions acquires Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions' presence in northern Norway and grow the company's engineering capacity for offshore projects.
Over the past 20 years, Sandnessjøen Engineering has established a strong and experienced team, which supplies engineering and project management services to the oil and gas and construction industries in the area. The company is located in the Petro Næringshage in Sandnessjøen, Norway, a central key location for services to several oil and gas fields in the Norwegian Sea.
""We are pleased that this team now becomes part of Aker Solutions and our rapidly growing engineering network. With the acquisition, Aker Solutions gains a firm foothold in the region, and we hope to grow,"" says Tore Sjursen, head of maintenance, modifications and operations in Aker Solutions.
""Our ambition is to double the company's workforce from the current 24 over the next couple of years. The pace of growth will of course depend on our success in the market and our ability to recruit first-class team members, but generally our markets are strong,"" says Tore Sjursen.
In December 2011 Aker Solutions announced the establishment of a new Tromsø office. Sandnessjøen Engineering will work closely with this office as well as Aker Solutions' other engineering hubs throughout Norway. The company becomes part of a global engineering and competence network which has foothold in more than 30 countries and a workforce of over 18 500 people.
Aker Solutions in Sandnessjøen will continue to be headed up by Halvard Lie, who has been managing director for Sandnessjøen Engineering. The business will still be based at its current premises in Sandnessjøen.
""We have had a good dialogue with Aker Solutions and we believe will see many positive effects by becoming part of such a large oilfield products, systems and services company. We believe Aker Solutions will offer better opportunities for growth than we would have been able to achieve as an independent company,"" says Halvard Lie.
Aker Solutions is acquiring the legal entity Sandnessjøen Engineering AS, whose owners are Alsten Management AS, Maritime Venture AS and Rana Skipsaksjeselskap AS. The transaction is expected to be completed in a couple of weeks. Transaction value is undisclosed.
""Although we did not have any plans of selling the company we believe Aker Solutions will be a better home for Sandnessjøen Engineering,"" says Brynjar Forbergskog, chairman of the board of the majority owner company Maritime Ventures AS.
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Aker Solutions wins multiple drilling equipment contract
Aker Solutions has won a contract with a subsidiary of Honghua Holding Ltd. of China to deliver high specification drilling equipment components for seven new onshore drilling rigs. The contract value is about NOK 365 million.
Honghua is building a series of seven drilling rigs for a premier drilling company in the Middle East region. The contract includes options for another four identical deliveries.
Each drilling equipment delivery includes a drawwork, three mud pumps, a 1000 tons top drive and other equipment from Aker Solutions.
""This contract underlines the quality of Aker Solutions' drilling equipment portfolio, combined with our proven execution ability on multi-rig projects and that our drilling expertise and high specification equipment can be applied in the onshore drilling market,"" says Thor Arne Håverstad, executive vice president and head of drilling technologies in Aker Solutions.
Aker Solutions will deliver the first equipment sets to the customer in the fourth quarter of 2012. All equipment deliveries will be completed by the summer of 2013. The majority of the equipment will be delivered from Aker Solutions' subsidiary in Erkelenz, Germany.
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Aker Solutions awarded subsea connection systems contract
Aker Solutions has been awarded a contract by A/S Norske Shell, to deliver subsea connection systems for the Draugen field on the Norwegian continental shelf. Contract value is approximately NOK 105 million.
Scope of work includes the delivery of complete tie-in connection systems for production flowlines and umbilicals for the expansion of the Draugen field.
""Aker Solutions has supplied connection systems for the subsea installations on the Draugen field since 2002. We are pleased that we can continue to assist A/S Norske Shell to expand the field and increase the production with our solutions,"" says Alan Brunnen, executive vice president of Aker Solutions' subsea business area.
Management, engineering and procurement of the connection systems will be performed at Aker Solutions' head office in Fornebu, Norway. Equipment deliveries will be made from 2012 to 2013.
The Draugen field is located in block 6407/9 in the Haltenbanken area of the Norwegian Sea, which is situated about 140 kilometres from Kristiansund, Norway, at a sea depth of 250 metres. Aker Solutions' contract party is Aker Subsea AS.
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Aker Solutions secures contract with Total E&P UK Ltd
Aker Solutions has secured a three year contract to provide operations and maintenance services to Total E&P UK Ltd and its joint venture partner DONG E&P (UK) Ltd at the new Shetland Gas Plant (SGP).
The agreement includes provision of operations, maintenance and services support personnel for Total E&P UK at the new gas plant, which will receive gas from the Laggan and Tormore fields, west of Shetland.
The contract is valid for three and a half years with an optional two year extension. It will see the creation of up to 150 positions in support of the contract, both on-site at SGP and onshore in Aberdeen. Contract value is undisclosed.
Mike Forbes, UK managing director of Aker Solutions' maintenance, modifications and operations business said: ""This is a significant contract for us and I am delighted that Total E&P UK has chosen to build on our long-standing partnership with the award of this important contract.""
""The Shetland Gas Plant will be an integral part of the future UK gas supply and we are pleased our expertise and track record for delivery have been recognised and we can continue to be a part of the UK oil and gas success story together with Total E&P UK.""
Aker Solutions has worked with Total E&P UK since 1989 continually developing the joint relationship and overall service provision.
More than 180 Aker Solutions employees are currently involved in delivering production and maintenance support services for Total E&P UK at both the St. Fergus gas plant in Aberdeenshire - where up to 20% of the UK's gas requirement is processed - and offshore on the Elgin Franklin assets.
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Aker Solutions awarded global frame agreement with Shell
The international oil services provider Aker Solutions has signed a frame agreement with Shell for the delivery of subsea umbilicals and cables globally.
The size of the frame agreement is dependent on call-offs and the number of projects that Shell decides to execute. However, Aker Solutions estimates that the frame agreement could generate revenues between USD 200 and USD 400 million. Order intake will be booked whenever the specific contracts are signed.
The Enterprise Framework Agreement (EFA) with Shell is signed for the duration of five years with an option for an additional five years. Aker Solutions will deliver dynamic and static steel tube umbilicals for both shallow and deepwater applications.
The EFA has a global scope. Shell's subsea projects are primarily focused on the Norwegian continental shelf, UK, Gulf of Mexico, West-Africa and Brazil.
""We look forward to safeguard Shell's valuable assets and contribute to their production success globally. Aker Solutions has developed market-leading umbilicals technology, proven to provide the widest range of functionality. We are extremely pleased and honored by this award,"" says Tove Røskaft, head of Aker Solutions' umbilicals business.
The umbilicals and cables will be manufactured and delivered out of Aker Solutions' facilities in Moss, Norway and Mobile, Alabama, supported by project management, design and engineering in Fornebu, Norway and the Mobile office.
Subsea umbilicals are deployed on the seabed to supply necessary control and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control.
Over the past 15 years Aker Solutions has delivered more than 400 umbilicals to some of the world's most challenging fields, from harsh environment to ultra-deep, high-pressure reservoir conditions.
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Aker Solutions wins drilling riser contract
Aker Solutions has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea.
The 10 000 ft deepwater drilling CLIP riser system will be manufactured and delivered out of Aker Solutions' manufacturing plant in Port Klang, Malaysia. Delivery of the drilling riser system is scheduled for November 2014. The contract value is undisclosed.
The delivery is related to the second of two options included in the drilling riser contract announced in July 2011.
""We are very pleased to see our customer DSME exercising their option for the Aker Solutions CLIP riser system,"" says Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.
Aker Solutions has delivered 16 drilling riser systems in the past 16 months, with positive feedback from operations.
""I am proud to see that we are able to deliver another deepwater CLIP riser to our returning customers. These achievements are the results of the CLIP risers' operational advantages, our technology expertise and service offering in the deepwater drilling market,"" says Tom Munkejord, head of Aker Solutions' drilling riser business.
Aker Solutions offers complete drilling equipment packages, including project management, conceptual design, detailed engineering and procurement. Aker Solutions provides the full range of topside drilling equipment and systems, and worldwide customer support through a global drilling lifecycle services organisation.
The contract has been signed and booked as order intake in Q4 2012.
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Aker Solutions signs contract with McDermott subsidiary
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.
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 flowline scope for the Ichthys LNG Project.
Engineering, procurement, construction and installation specialist, McDermott, is the lead contractor for the Ichthys LNG SURF field development project.
""Aker Solutions has more than 20 years of experience in delivering reliable and cost effective tie-in connection systems and tools. The contract with McDermott confirms our commitment to the Australian market and is a testament to our global capabilities,"" said Alan Brunnen, head of Aker Solutions' subsea business area.
The Ichthys LNG Project is a joint venture between INPEX (operator), TOTAL and other participants. Gas from the Ichthys field, in the Browse Basin approximately 200 kilometres offshore of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The gas will then be exported to onshore processing facilities in Darwin via an 889km subsea pipeline.
The Ichthys LNG Project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.
Earlier this year, Aker Solutions was awarded the contract for engineering, procurement, fabrication and supply of static and dynamic umbilicals, totalling 63 kilometres 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 2013-2014.
The connectors will be used to connect flowlines to subsea structures, manifolds and export riser bases.
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Statoil has awarded to Aker Solutions Marulk tie-in to the floating production, storage and offloading (FPSO) vessel Norne. Aker Solutions estimates the value of the work to be approximately NOK 120 million.
""This award falls within our core business and strategic objective of pursuing more advanced and complex modification projects in addition to the smaller modifications included in the frame agreements recently awarded by Statoil. It also confirms our position as a strong service provider within the modification business in Mid Norway"", says Stian Vemmestad, president of maintenance, modifications and operations in Aker Solutions.
Aker Solutions is currently working on many projects to exploit the capacity of existing infrastructure to bring in new and smaller fields. Marulk tie-in to Norne falls in to line of a series of tie-in projects connected to Norne FPSO.
The Marulk field is located in the Norwegian Sea approximately 30 kilometers southwest of the Norne field at a water depth of 365 meters in the PL122. The initial development will consist of two wells tied back to the Norne FPSO, the northernmost production facility on the Norwegian Continental Shelf (NCS).
The scope of the project is to facilitate Norne FPSO for installation and start-up of the Marulk template. The execution phase is based on a front end engineering design (FEED) study performed by Aker Solutions. In order to accommodate for a tie-back of Marulk at Norne topside a new flowline will be hooked up to both the production and the test manifold.
The Marulk Tie-in to Norne is an amendment to an existing modifications contract Aker Solutions has with Statoil for Norne. Work under the contract starts immediately and the project will be completed in March 2012.
The project will be managed out of Aker Solutions' regional office in Trondheim.
The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and Statoil Petroleum AS.
Statoil ASA as operator for PL 128 is performing the Topside Modification work on Norne as part of the agreement between PL 128 and PL 122. ENI Norge is operator on PL 122
Aker Solutions awarded Marulk tie-in to Norne in Mid Norway
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Statoil has awarded to Aker Solutions Marulk tie-in to the floating production, storage and offloading (FPSO) vessel Norne. Aker Solutions estimates the value of the work to be approximately NOK 120 million.
""This award falls within our core business and strategic objective of pursuing more advanced and complex modification projects in addition to the smaller modifications included in the frame agreements recently awarded by Statoil. It also confirms our position as a strong service provider within the modification business in Mid Norway"", says Stian Vemmestad, president of maintenance, modifications and operations in Aker Solutions.
Aker Solutions is currently working on many projects to exploit the capacity of existing infrastructure to bring in new and smaller fields. Marulk tie-in to Norne falls in to line of a series of tie-in projects connected to Norne FPSO.
The Marulk field is located in the Norwegian Sea approximately 30 kilometers southwest of the Norne field at a water depth of 365 meters in the PL122. The initial development will consist of two wells tied back to the Norne FPSO, the northernmost production facility on the Norwegian Continental Shelf (NCS).
The scope of the project is to facilitate Norne FPSO for installation and start-up of the Marulk template. The execution phase is based on a front end engineering design (FEED) study performed by Aker Solutions. In order to accommodate for a tie-back of Marulk at Norne topside a new flowline will be hooked up to both the production and the test manifold.
The Marulk Tie-in to Norne is an amendment to an existing modifications contract Aker Solutions has with Statoil for Norne. Work under the contract starts immediately and the project will be completed in March 2012.
The project will be managed out of Aker Solutions' regional office in Trondheim.
Aker Solutions awarded Marulk tie-in to Norne in Mid Norway
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Statoil has awarded Aker Solutions the Sleipner Modifications Portfolio Agreement and the first project-specific agreements for engineering, procurement, construction and installation (EPCI) for the Gudrun tie-in to Sleipner in the North Sea. The order is worth approximately NOK 900 million and replaces the letter of intent announced July 14.
""We are pleased to win the portfolio agreement for modifications in the Sleipner area and we are looking forward to take on the Gudrun tie-in work for Statoil and its partners. This order confirms Aker Solutions' leading position within advanced and complex modifications in the North Sea,"" says Stian Vemmestad, president for maintenance, modifications and operations in Aker Solutions.
Positioning for more advanced and complex modifications projects in the North Sea is a strategic objective for Aker Solutions' maintenance and modifications business (MMO).
The Sleipner area is the second largest gas producer in the North Sea, after the Troll field. Gudrun is a major field development project in the Sleipner area. Sleipner will process oil and gas from Gudrun in addition to supplying power to the Gudrun platform.
The work will be managed out of Aker Solutions' regional office in Stavanger and will also engage prefabrication resources at Aker Solutions' yard in Egersund. Work under the contract will be completed in October 2013.
The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and Statoil Petroleum AS.
Aker Solutions signs contract for Gudrun tie-in to Sleipner worth NOK 900 million
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Per Harald Kongelf has been appointed executive vice president (EVP) for the Energy Development & Services (ED&S) business area in Aker Solutions with immediate effect. He replaces Jarle Tautra who will continue to work for Aker Solutions as a special advisor to the CEO. Kongelf comes from the position as executive vice president for Products & Technologies (P&T).
""I am very pleased that Per Harald Kongelf has accepted to take on the role of leading ED&S. His leadership qualities and experience from major field developments make him the right man for the job,"" says Øyvind Eriksen, executive chairman of Aker Solutions.
Per Harald Kongelf has 25 years experience from the oil and gas industry, including senior positions in several major North Sea field developments such as Snorre, Sleipner A, Visund and Åsgard.
""Jarle Tautra has done a remarkable job for Aker Solutions. I look forward to work closely with him and to benefit from his considerable capacity to drive strategic projects that are of vital interest to the company,"" says Øyvind Eriksen.
The strategic direction for ED&S remains unchanged, and the process of preparing a split of ED&S into separate units for Field Development (FD) and Maintenance, Modifications & Operations (MMO) continues. In this new organisation, Tore Sjursen will lead the new MMO, while Kongelf will continue to lead FD.
""I am pleased to announce that Tore Sjursen will become part of the executive management team and further develop the MMO business in the North Sea region. He will work closely with Stian Vemmestad who leads the current MMO business. Going forward, high-value service concepts will play an increasingly important role in this business"", Eriksen comments.
Tore Sjursen has been with Aker Solutions for nearly 24 years in different positions in field development and maintenance, modifications and operations, most recently as head of ED&S International in Australia.
In the P&T business area, Thor Arne Håverstad, president of Aker MH, takes over the operational responsibility for all drilling equipment businesses. He will report directly to the CEO. The remaining businesses within P&T, Process systems and Pusnes, will continue to report to Per Harald Kongelf in an interim period.
Management changes in Aker Solutions
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Aker Solutions has agreed to transfer ownership in its subsidiary Aker Marine Contractors (AMC) to Singapore listed company Ezra Holdings Ltd (Ezra) in exchange for equity instruments in Ezra and cash. In addition, 50% of Aker Solutions' ownership in the Aker Connector installation vessel will be transferred to Ezra.
With AMC's experienced personnel, assets and project execution capabilities on board, the new partnership is a significant step towards realising the ambition of developing a world class SURF (subsea umbilicals risers and flowlines) and floater installation company with differentiated assets covering all water depths and regions of the world. In addition, Ezra will access Aker Solutions' wide range of subsea and other products to create a leading combined EPCI capability.
Under the agreement, Aker Solutions will sell 100 percent of the shares in its wholly-owned subsidiary AMC to Singapore-based Ezra, in which Aker Solutions becomes a substantial shareholder. Aker Solutions and Ezra also enter a 50/50 joint venture for ownership and chartering of the new-build Aker Connector (to be renamed AMC Connector), which will be completed in early 2012.
In the transaction, AMC is valued at USD 250 million. Ezra will settle the transaction by paying Aker Solutions USD 50 million in cash, USD 100 million in shares in Ezra Holdings Ltd, and USD 50 million in a convertible bond with maturity after 36 months. The final USD 50 million plus interest will be settled in cash on and subsequent to delivery of Aker Connector. The USD 100 million payment in shares will give Aker Solutions a substantial shareholding in Ezra. Aker Solutions will be represented with one director on the board of Ezra.
Upon delivery of the Aker Connector vessel, Ezra will take 50 percent ownership in the vessel owning company including assumption of 50 percent of Aker Connector's capital expenditure commitments.
""""AMC is a strong engineering and project execution organisation. By becoming part of Ezra, AMC will have access to a larger and rapidly growing fleet of installation vessels covering all IMR and SURF installation segments - including flexible and rigid pipelay with capacity up to 3,500 metres water depth - which will enable Ezra/AMC to compete with the world's leading SURF contractors,"""" says Øyvind Eriksen, executive chairman, Aker Solutions. Currently AMC operates two vessels, the Boa Deep C and Boa Sub C.
Ezra operates in the offshore market under the EMAS brand name. EMAS is an integrated offshore support solutions provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore.
""""This will be a transformational move that will propel Ezra and AMC to jointly become one of the world's top-five SURF contractors,"""" says Eriksen.
While AMC's foothold is primarily in Gulf of Mexico and Europe, Ezra has a strong position in Asia Pacific including Australia, as well as West Africa. When teaming up for product deliveries combined with installation and subsea construction services, the partnership will also benefit from Aker Solutions' strong positions in Brazil and arctic regions.
""""We already operate a large fleet of offshore support vessels and are engaged in engineering, fabrication and offshore construction. This partnership will be the foundation for creating a world class deepwater SURF and floater installation player, and forms a key part of our next lap growth strategy. We see great potential in partnering with Aker Solutions to offer true EPCI capabilities combining products and installation services. We welcome Aker Solutions as a valued partner in the company,"""" says Lionel Lee, managing director of Ezra.
Ezra and AMC will initially operate a fleet of five construction and SURF installation vessels, growing rapidly to ten differentiated vessels from 2013. Ezra also operates approximately 30 anchor handling tugs (AHT), anchor handling tug supply (AHTS) and diving support vessels (DSV), and two accommodation barges through its offshore support division.
Aker Marine Contractors has a proud and unique heritage, having successfully executed the most complex projects around the world over the last 35 years. Aker Marine Contractors handled the largest structure ever moved on the surface of the earth, undertook the longest tow of a fixed platform, pioneered offshore float-over of large topsides and installed subsea equipment at the world's northernmost field.
Specialising in offshore support, installation and marine services, EMAS offers integrated solutions across a wide spectrum of the support supply chain, over the entire life cycle of an oilfield. With operations across the globe, the group currently has offices in the UK, the US, Norway, India, Thailand, Malaysia, Vietnam, Australia and Brunei.
The transaction is expected to be completed during Q1 2011.
AMC and Ezra create powerful deepwater SURF player
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Statoil exercises a one year option to extend its contract with Aker Solutions at the Mongstad refinery in Norway. The estimated contract value for 2011 totals approximately NOK 100 million and the work will occupy about 120 employees from Aker Solutions in Bergen, Norway.
The oil refinery at Mongstad is a modern highly-upgraded plant with an annual capacity of 10 million tonnes of crude. It is the largest facility of its kind in Norway. The scope of work for Aker Solutions mainly comprises minor modifications to increase robustness and generally improve the facility. The option period commences 1 January 2011.
In 2005 Statoil awarded Aker Solutions a modifications framework agreement for the Mongstad refinery. Remaining options in the running minor modifications contract includes a one year option followed by a two year option.
Most crude oil refined at the Mongstad plant comes from the Norwegian continental shelf. The principal outputs are petrol, diesel oil, jet fuel and other light petroleum products. Most of the refinery's output is exported, particularly to continental Europe. The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and Statoil ASA.
Statoil exercises one year option with Aker Solutions at Mongstad refinery
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Aker Solutions has signed a subsea contract with the state-owned oil company China National Offshore Oil Corporation (CNOOC) to supply a subsea production system for the Yacheng 13-4 gas field.
Both parties inked the contract at an official signing ceremony at Zhanjiang, China. The contract, valued at approximately USD 20 million, is the first subsea production system contract Aker Solutions has signed with CNOOC. It marks a successful entry into China's subsea market.
The field development is located in the north of South China Sea, approximately 72 kilometres southwest of Sanya City, Hainan Province of the People's Republic of China. The field's water depth is approximately 90 metres.
Scope of work covers engineering, manufacturing and delivery of three subsea wellhead systems, three gas producing subsea trees, control systems, subsea distribution system and installation support services.
Deliveries are expected to begin in the third quarter of 2011. At the contract signing ceremony, Dave Hutchinson, President - Subsea Asia Pacific, Aker Solutions said: ""We are thankful to CNOOC for giving us the opportunity to prove our subsea capabilities, and thrilled to be delivering in a country with high ambitions for increased energy production in the years to come. With more than two decades of industrial experience in this field, we can assure CNOOC that their project will be in highly capable hands"".
The project will be delivered out of Aker Solutions high-tech subsea manufacturing centre in Port Klang, Malaysia. This is the only facility in the world where a complete subsea production system can be manufactured in one location.
The contract party is Aker Solutions Malaysia Sdn Bhd.
Aker Solutions signs first subsea contract with CNOOC
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Aker Solutions has been awarded the Åsgard subsea compression system contract by Statoil. The contract value is approximately NOK 3.4 billion.
""This award signifies a quantum leap for subsea gas compression within the oil and gas industry. As one of the major subsea contracts awarded during 2010, this has been a key target for Aker Solutions. It confirms our position as the preferred partner of subsea technology, solutions and capability,"" says Mads Andersen, executive vice president of Aker Solutions' subsea business area.
When gas is produced the pressure in the reservoir decreases and the well flow may need boosting in the form of compression. In many instances, subsea compression technology is necessary to create enough pressure for the hydrocarbons to travel up the pipelines to the receiving terminal.
The subsea compression system provides improved energy efficiency and safety, and lower investment and operating costs when compared to using a traditional platform and is a concept suitable for most large subsea gas fields.
Aker Solutions' scope of work for the subsea compression system includes a subsea compressor manifold station (SCMS), subsea compressor station (SCSt) template structure, three identical compressor trains, all electrical control systems, high voltage electrical power distribution system, topside equipment, and tooling, transport and installation equipment.
""We are extremely pleased to be chosen for this huge milestone contract with Statoil. The synergies we have developed with Statoil on the Ormen Lange gas compression pilot project have given us valuable experience which we can now transfer to this project. Over 25 years of development and long term commitment have led to this Åsgard award,"" says Andersen.
Åsgard is located at Haltenbanken outside Norway in water depths varying from 240-310 metres. The Midgard and Mikkel reservoirs contain gas and condensate that are transported through long distance flowlines to the Åsgard B platform.
The project will be managed out of Aker Solutions' headquarter in Oslo; Norway, while the equipment will be primarily manufactured at Aker Solutions' facilities in Egersund, and Tranby, Norway, and in Aberdeen, UK. Final equipment deliveries will be made in stages with the SCMS and the SCSt template structure delivered in 2013 and the compressor trains, controls and power equipment delivered in 2014.
Aker Solutions signs world first subsea gas compression contract
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International oil services, engineering and construction company Aker Solutions has decided to cultivate its core businesses by creating three separate companies. The new streamlined entities have a clear ambition to grow in their respective markets.
The new strategic direction, which will be announced at the company's capital markets day in Oslo today, is the conclusion of a strategy process initiated by the Board in second quarter 2009.
""""We have listened carefully to feedback from our customers and investors and analysed how we should position ourselves to meet their expectations,"""" says Øyvind Eriksen, executive chairman of Aker Solutions.
""""Their feedback is consistent. Our company enjoys strong positions in several market segments. However, to further accelerate our growth, we should be more focused, more flexible in our approach to customer specific requirements, and much more transparent,"""" he explains.
Leading on from this, the next step is to cultivate the current Aker Solutions business into three separate companies:
Aker Solutions
After establishing P&C International and Aker Contractors as separate companies, Aker Solutions will become a thoroughbred engineering and technology company in the oil and gas industry. The company has a wide range of technologies and solutions for deepwater drilling and subsea oil and gas production systems and products. It also offers mooring, loading and deck equipment as well as well stream processing technology.
With the maturing of the oil and gas industry, increased recovery of oil and gas from old fields and field life extension programmes are becoming increasingly important for oil companies. Aker Solutions offers a wide range of technologies and services in this respect. It is market leader in the well services segment on the Norwegian continental shelf and a technology leader in the emerging riser-based light well intervention market.
Its offering to customers worldwide is based on an engineering base which is second to none in the international oil and gas industry. The new Aker Solutions will have a dedicated engineering business stream, with more than 700 engineers located at its hub in Oslo, Norway. Its detailed engineering offices in Mumbai, India, and Kuala Lumpur, Malaysia, count 1650 and 350 staff respectively. Engineering resources dedicated to subsea, drilling, process, well services and other business units are in addition to the above.
Aker Solutions' head office will remain in Norway.
Aker Contractors
Aker Solutions has decades of experience as an EPC contractor for onshore and offshore oil and gas facilities covering a wide range of technologies and solutions. Aker Contractors will be established to further leverage the key deepwater and harsh environment experience and expertise built up through field development projects over more than 40 years. The new company will be tailored to meet the EPC market trends and client demands. It will get a focused and dedicated management and a mandate to enter into partnerships in order to establish reliable, flexible and competitive delivery models.
Aker Contractors will be a focused field development EPC company with core engineering, fabrication and project management competence originating from the company's two Norwegian specialised yards at Stord and Verdal and the field development engineering hub based in Oslo. Aker Contractors' head office will remain in Norway.
The company will have a strong foothold in the North Sea for large and complex offshore platforms and onshore processing plants, and provide distinct offshore products with a global market; the concrete gravity base structure (GBS) and steel platform substructure (jackets). Moreover it will have a solid portfolio of ongoing projects in Norway and internationally, including Kazakhstan (the Kashagan HUC project), Russia (the Sakhalin 1 project) and Canada (the Hebron GBS FEED)
The ambition is to maintain its strong position in the North Sea and further grow its international EPC deliveries. Internationally, the new company will further build its capabilities within EPC projects at a global scale, and capitalise on deepwater, GBS and jacket technologies. It will also develop its operations in Kazakhstan and other selected international markets where there is a strong need for project and construction management and yard development competency.
A proposal to list Aker Contractors on Oslo Stock Exchange will be presented to Aker Solutions' General Meeting. Listing is tentatively scheduled for second half of 2011.
Process & Construction International
The Process & Construction (P&C) business area is a leading global supplier of engineering, procurement, construction, commissioning, project execution and services in three onshore industry segments: mining and metals, energy and environmental and downstream oil, gas and processing.
As earlier communicated, P&C will in the future operate as a separate company under a separate brand name. A final decision on the structure of the separation is imminent, with a listing in 2011 as a possible outcome.
Not all of P&C will be part of the new company. The US EPC centre in Houston, and the Union Construction business located in the US and Canada, will both be transferred to Aker Contractors to further ramp up the company's already strong engineering and contracting capacity.
Growth potential
Aker Solutions expects that the restructuring will unleash energy and drive in each of the new, streamlined businesses and ultimately contribute to accelerate growth.
The market fundamentals for Aker Solutions are good. The company expects that annual average growth in the years 2011-2015 could be in the 9-15 per cent range, partly as a result of growing markets, growing market shares and revenues from businesses acquired in the period.
""""This will of course not happen by itself. All our current businesses must work persistently to improve operations and customer satisfaction. Being second best is simply not good enough for any part of Aker Solutions,"""" says Eriksen.
Next steps
With the Board's resolution on strategic direction, preparation will now start. On top of the Board's agenda is the appointment of CEOs for Aker Solutions and the new entity Aker Contractors.
The work that will lead to legal and financial separation of Aker Contractors will continue in the first half of 2011 and will be presented to the General Meeting for final resolution. The plan is to separate Aker Contractors from Aker Solutions through a share dividend to Aker Solutions shareholders. By that Aker Solutions' leading shareholder Aker Holding will maintain its current shareholding in both Aker Solutions and Aker Contractors.
Relevant amendments will be proposed to the agreement between Aker Holding's shareholders. The planned restructuring will not involve related party transactions between Aker Solutions' direct or indirect owners.
Aker Solutions cultivates its core businesses
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International oil services, engineering and construction company Aker Solutions has decided to cultivate its core businesses by creating three separate companies. The new streamlined entities have a clear ambition to grow in their respective markets.
The new strategic direction, which will be announced at the company's capital markets day in Oslo today, is the conclusion of a strategy process initiated by the Board in second quarter 2009.
""We have listened carefully to feedback from our customers and investors and analysed how we should position ourselves to meet their expectations,"" says Øyvind Eriksen, executive chairman of Aker Solutions.
""Their feedback is consistent. Our company enjoys strong positions in several market segments. However, to further accelerate our growth, we should be more focused, more flexible in our approach to customer specific requirements, and much more transparent,"" he explains.
Leading on from this, the next step is to cultivate the current Aker Solutions business into three separate companies:
Aker Solutions
After establishing P&C International and Aker Contractors as separate companies, Aker Solutions will become a thoroughbred engineering and technology company in the oil and gas industry. The company has a wide range of technologies and solutions for deepwater drilling and subsea oil and gas production systems and products. It also offers mooring, loading and deck equipment as well as well stream processing technology.
With the maturing of the oil and gas industry, increased recovery of oil and gas from old fields and field life extension programmes are becoming increasingly important for oil companies. Aker Solutions offers a wide range of technologies and services in this respect. It is market leader in the well services segment on the Norwegian continental shelf and a technology leader in the emerging riser-based light well intervention market.
Its offering to customers worldwide is based on an engineering base which is second to none in the international oil and gas industry. The new Aker Solutions will have a dedicated engineering business stream, with more than 700 engineers located at its hub in Oslo, Norway. Its detailed engineering offices in Mumbai, India, and Kuala Lumpur, Malaysia, count 1650 and 350 staff respectively. Engineering resources dedicated to subsea, drilling, process, well services and other business units are in addition to the above.
Aker Solutions' head office will remain in Norway.
Aker Contractors
Aker Solutions has decades of experience as an EPC contractor for onshore and offshore oil and gas facilities covering a wide range of technologies and solutions. Aker Contractors will be established to further leverage the key deepwater and harsh environment experience and expertise built up through field development projects over more than 40 years. The new company will be tailored to meet the EPC market trends and client demands. It will get a focused and dedicated management and a mandate to enter into partnerships in order to establish reliable, flexible and competitive delivery models.
Aker Contractors will be a focused field development EPC company with core engineering, fabrication and project management competence originating from the company's two Norwegian specialised yards at Stord and Verdal and the field development engineering hub based in Oslo. Aker Contractors' head office will remain in Norway.
The company will have a strong foothold in the North Sea for large and complex offshore platforms and onshore processing plants, and provide distinct offshore products with a global market; the concrete gravity base structure (GBS) and steel platform substructure (jackets). Moreover it will have a solid portfolio of ongoing projects in Norway and internationally, including Kazakhstan (the Kashagan HUC project), Russia (the Sakhalin 1 project) and Canada (the Hebron GBS FEED)
The ambition is to maintain its strong position in the North Sea and further grow its international EPC deliveries. Internationally, the new company will further build its capabilities within EPC projects at a global scale, and capitalise on deepwater, GBS and jacket technologies. It will also develop its operations in Kazakhstan and other selected international markets where there is a strong need for project and construction management and yard development competency.
A proposal to list Aker Contractors on Oslo Stock Exchange will be presented to Aker Solutions' General Meeting. Listing is tentatively scheduled for second half of 2011.
Process & Construction International
The Process & Construction (P&C) business area is a leading global supplier of engineering, procurement, construction, commissioning, project execution and services in three onshore industry segments: mining and metals, energy and environmental and downstream oil, gas and processing.
As earlier communicated, P&C will in the future operate as a separate company under a separate brand name. A final decision on the structure of the separation is imminent, with a listing in 2011 as a possible outcome.
Not all of P&C will be part of the new company. The US EPC centre in Houston, and the Union Construction business located in the US and Canada, will both be transferred to Aker Contractors to further ramp up the company's already strong engineering and contracting capacity.
Growth potential
Aker Solutions expects that the restructuring will unleash energy and drive in each of the new, streamlined businesses and ultimately contribute to accelerate growth.
The market fundamentals for Aker Solutions are good. The company expects that annual average growth in the years 2011-2015 could be in the 9-15 per cent range, partly as a result of growing markets, growing market shares and revenues from businesses acquired in the period.
""This will of course not happen by itself. All our current businesses must work persistently to improve operations and customer satisfaction. Being second best is simply not good enough for any part of Aker Solutions,"" says Eriksen.
Next steps
With the Board's resolution on strategic direction, preparation will now start. On top of the Board's agenda is the appointment of CEOs for Aker Solutions and the new entity Aker Contractors.
The work that will lead to legal and financial separation of Aker Contractors will continue in the first half of 2011 and will be presented to the General Meeting for final resolution. The plan is to separate Aker Contractors from Aker Solutions through a share dividend to Aker Solutions shareholders. By that Aker Solutions' leading shareholder Aker Holding will maintain its current shareholding in both Aker Solutions and Aker Contractors.
Relevant amendments will be proposed to the agreement between Aker Holding's shareholders. The planned restructuring will not involve related party transactions between Aker Solutions' direct or indirect owners.
Aker Solutions cultivates its core businesses
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Aker Solutions has signed a contract with Framo Engineering AS to supply a subsea umbilical and associated equipment for Total's CLOV development project located in the deepwater Block 17 offshore Angola. The contract value is approximately NOK 80 million. Aker Solutions will supply a 10.6 kilometre multiphase power and control umbilical (MPP umbilical) that will provide all system functions for the Framo Multiphase Pump Station.
The CLOV development comprises of the Cravo, Lirio, Orquidea and Violeta fields. A total of 34 subsea wells will be tied back to the CLOV FPSO unit, which has a processing capacity of 160,000 b/d and a storage capacity of 1.78 million barrels.
""We are very pleased to sign our first contract with Framo Engineering. This is a very important award for Aker Solutions and confirms our strong position of providing umbilicals to the most demanding subsea projects"" says Tove Røskaft, senior vice president of Aker Solutions' umbilical business.
Engineering of the umbilical will be managed out of Aker Solutions' facility in Oslo, Norway and the MPP umbilical will be manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will be made in 2013.
Umbilical contract for the CLOV development project
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ABB has awarded Aker Solutions' wholly-owned subsidiary Aker Marine Contractors the contract to install its subsea power cable for the Goliat field in the Barents Sea.
Aker Marine Contractors will install the cable utilising its new-build subsea installation and construction vessel, AMC Connector. She will install 106,5 kilometres of cable - in one length - stretching from Hammerfest, Norway, offshore to the Goliat FPSO.
The subsea power cable, supplied by ABB, will weigh approximately 6 000 tonnes. The AMC Connector - previously called Aker Connector - will easily take this in one load as she will be equipped to handle a total payload of 9 000 tonnes, divided onto two turntables for high voltage power cables or subsea umbilicals.
""With her high payload capacity, AMC Connector will be a great asset to ABB. She is well equipped to install long, heavy subsea power cables,"" says Svein Haug, president of Aker Marine Contractors, who will operate the vessel. ""The vessel will also have unique wave motion characteristics which will provide increased project execution predictability in areas such as the Barents Sea, where we often encounter rough seas,"" adds Haug.
AMC Connector's design enables her to operate safely and efficiently in significantly higher waves than most other high-end construction vessels. AMC Connector will comfortably operate in significant wave height (Hsig) of 4-5 metres, which means that she will have an operating window at the leading edge for installation and construction vessels. Aker Marine Contractors will also provide and install a permanent tether anchor for the subsea power cable.
Contract value for management and execution of the project is approximately NOK 70 million. This excludes vessel costs, which are covered under the charter agreement signed between Aker Marine Contractors and ABB in March 2010. The installation job will be performed in the second quarter of 2013. Aker Solutions' contract party is Aker Marine Contractors AS.
AMC Connector is currently being built by STX Europe and will be outfitted at their yard at Søviknes, Norway. She will be ready for operations from Q1 2012. The vessel will be owned 50/50 by Aker Solutions and Singapore-based Ezra Holdings Ltd (Ezra), which recently acquired 100 percent of the shares in Aker Solutions' subsidiary Aker Marine Contractors AS. As part of the agreement, Aker Solutions becomes a substantial shareholder in Ezra. The transaction is expected to be completed during Q1 2011. By becoming part of Ezra, Aker Marine Contractors will have access to a larger and rapidly growing fleet of installation vessels covering all IMR and SURF installation segments - including flexible and rigid pipelay with capacity up to 3 500 metres water depth - which will enable Ezra/Aker Marine Contractors to compete with the world's leading SURF contractors.
Ezra operates in the offshore market under the EMAS brand name. EMAS is an integrated offshore support solutions provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore.
Goliat installation job for Aker Solutions
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Oil services group Aker Solutions signals a stronger focus on international growth and engineering through an expansion of its executive management team. Three members have been added, of which two are non-Norwegian citizens.
Wolfgang Puennel, a German citizen, has been appointed head of the new Well Intervention Services business area. Mr Puennel's experience includes working 20 years for Weatherford, where he held various management roles. Since 2009 he has worked as an independent advisor for a Germany-based renewable energy company.
Mark Riding, a British citizen, takes up the newly created position of head of corporate strategic marketing. Mr Riding is an oil industry professional with 28 years' experience in senior roles and international assignments. He joins from Schlumberger where he has been responsible for deepwater corporate strategic planning, sales, and technology development worldwide. In his new role, Mr Riding will co-ordinate contact and relationship with key customers, country strategies and corporate M&A opportunities.
Valborg Lundegaard, a Norwegian citizen, has been promoted to lead the new Engineering business area within Aker Solutions. Ms Lundegaard has 25 years' oil and gas industry experience, including a number of management positions within Aker Solutions. She will head up a 3000-strong engineering team, located predominately in Oslo, Kuala Lumpur and Mumbai.
""I am pleased that we have been able to attract such experienced people to our management team. Wolfgang and Mark's global experience will strengthen the international development of Aker Solutions. Valborg's track record is already well known amongst our customers and throughout our organisation, which is why she has been tasked with developing our global engineering operation,"" says Øyvind Eriksen, executive chairman of Aker Solutions.
""The expansion of our management team reflects an ambition to create an organisation that is designed to further improve performance within four key areas: build stronger customer relationships; improve operational performance; retain, attract and inspire the industry's top talents; and strengthen our R&D and technology initiatives. The management team will help us reach ambitious targets in this respect,"" adds Eriksen. Meanwhile, the board of Aker Solutions has decided to extend Øyvind Eriksen's assignment as executive chairman until further notice. This will allow the new organisation to continue implementation of the company's strategy at full pace, including separation and listing of Aker Contractors. These strategic milestones will further clarify the profile and mandate of the future CEO of Aker Solutions.
As part of the strengthening of Aker Solutions management, Per Harald Kongelf has been appointed chief operating officer (COO). Kongelf will assume his new position as soon as he is relieved of his current temporary assignment as head of the future Aker Contractors company. The process to recruit a new president & CEO to Aker Contractors continues.
Aker Solutions strengthens management team
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Aker Solutions' wholly-owned subsidiary STEP Offshore has delivered a drilling fluid and well control system to Rolls-Royce Marine, which will be used on the Yme field in the North Sea.
The Aker Solutions unit made a fast and efficient delivery of an ultra compact skid mounted system for drilling fluid circulation and well control to the customer.
Pål Eriksen, President of STEP Offshore, says: ""Yet again STEP Offshore has taken on a complicated project with a tight deadline, and has delivered according to the customer's expectations. We are proud to have successfully delivered this project to Rolls Royce Marine"".
The system is designed for a light work-over unit to the Talisman Energy-led Yme oil field project in the North Sea. The unit is designed for easy transportation to and from the well-head platform, with instant easy hook-up to the work-over unit for well intervention operations in already drilled and completed wells.
System delivery
The system includes trip tanks, pumps, remote controlled valves, stand pipe manifold, choke and kill manifold, HPU, instrumentations, control system. The main functions are:
Continuously monitoring the drilling fluid volume in the well by the dual trip tank system while tripping in and out of the hole
Routing drilling fluid from seawater pumps or water injection system to standpipe (hole), trip tank system or choke & kill manifold
Performing choke & kill operations
The control of the trip tank system is performed from the drillers control desk, while the chokes are controlled from a stand-alone choke control panel in the driller's cabin. The choke control panel utilizes a 19"" touch screen for easy and clear control of the choking process.
STEP Offshore delivers drilling fluid circulation and well control system to Rolls-Royce Marine
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In April 2012 Aker Solutions opens the doors to the company's new 2 000 square metre technology experience centre in Oslo, Norway. The centre aims to demonstrate the art of engineering at its best, and show how science subjects contribute towards development of technology and what this means to society as a whole.
The technology experience centre, with the current working title of Engineering Expo, is part of a new large scale construction project at Fornebu outside Oslo. At the K2 lot, close to Aker Solutions' headquarters, new offices for Aker Solutions is currently being built, with Engineering Expo and a new hotel and conference centre by Nordic Choice Hotels - called Quality Hotel Expo - part of the same complex.
A unique collaboration is planned between the hotel and Engineering Expo. The partnership is the first of its kind in Norway, where a technology experience centre and a hotel plus conference centre are cooperating closely. This offers many exciting opportunities.
""When we started planning the new building complex, we identified an opportunity to tell a story about engineering and technology development to a broad audience,"" says EVP Communications in Aker Solutions, Geir Arne Drangeid, who adds that the centre will accommodate all age groups.
Exciting meeting space
Engineering Expo intends to become a meeting space between the petroleum industry, educational institutions and the general public. The centre is being developed in close cooperation with local secondary schools, industry organisations and technology companies. Engineering Expo will focus on the themes technology and innovation, energy and the environment, and the oil and gas industry's social development role.
""The increase in prosperity we have experienced in Norway and other countries would not have been possible without the technology development the oil industry has been responsible for. At Engineering Expo we aim to tell the story about the Norwegian and international oil and gas adventure. At the same time, customers and employees of Aker Solutions will be able to utilise innovative working methods to solve tomorrow's challenges,"" says Drangeid.
Science subjects
By showing how engineers utilise textbook theory during their working-day, and demonstrating the breadth of an engineer's duties and responsibilities, the objective is to motivate more school children to choose science subjects at school, and later gain an engineering degree.
""The oil industry's engineers are amongst the most capable in the world. They solve huge tasks, develop solutions and technologies, and execute projects for customers all over the world. That is what we intend to show through our own educational set-up, where school children gain an insight into the many opportunities that arise if they choose science subjects,"" concludes Drangeid.
Aker Solutions builds technology experience centre in Oslo
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Aker Solutions has been awarded a letter of intent (LOI) by Statoil for the engineering, procurement and construction of a subsea production system for the Fossekall-Dompap project on the Norwegian continental shelf. Aker Solutions estimates the contract value to be approximately NOK 1 billion.
Scope of work includes three template-manifold structures, 11 subsea trees, a control system and a tie-in system. The contract also contains several options for other field developments on the Norwegian continental shelf which Statoil may exercise.
""We are honoured to be so deeply involved in this innovative fast track project. Our goal is to deliver optimum standardised technologies in order to satisfy our customers' requirements. We look forward to working with Statoil on these new frontiers, which offers further growth potential opportunities,"" says Mads Andersen, executive vice president of Aker Solutions' subsea business area.
Management, engineering and procurement of the subsea production system will be primarily performed at Aker Solutions' headquarters in Oslo, Norway. Fabrication of the subsea trees will be completed at the Tranby manufacturing centre, Norway, production of the template-manifolds will be carried out at the Egersund yard,Norway, and the control system from Aberdeen, UK. Final deliveries will be made in Q2 2013.
Fossekall-Dompap is a fast track project located north of the Norne field, 200 kilometres west from Sandessjøen and occupies blocks 6608/10 and 6608/11 in a water depth of approximately 380 meters.
Subsea production system deal awarded to Aker Solutions
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Aker Solutions has received notification that Statoil has exercised options for the engineering, procurement and construction of three subsea work-over systems for use on the Norwegian Continental Shelf. Aker Solutions estimates the contract value of these three extensions to be a total of approximately NOK 1.25 billion.
In February, Statoil awarded Aker Solutions a contract for one workover system to be used on the Vigdis North East development on the Norwegian Continental Shelf. It is options from this contract which have been exercised.
Workover equipment is used on every subsea well, for installing equipment and preparing the well for production. During field life, workover equipment is used during the maintenance of subsea wells to improve oil recovery.
""We are pleased to receive additional awards for our new modularised workover systems. This contract will strengthen Akers Solutions' position as one of the major providers of well access services on the Norwegian continental shelf. Our equipment provides safe and efficient well access for downhole operations, resulting in increased oil recovery,"" says Mads Andersen, executive vice president of Aker Solutions' subsea business area.
The workover systems project will be managed at Aker Solutions' Tranby Technology and Manufacturing Centre outside Oslo in Norway. The manufacturing of the well control package and riser elements will be completed at Tranby and the workover control module out of Aberdeen.
Aker Solutions awarded major subsea contract extensions
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Aker Solutions has signed two contracts with Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deepwater drillships. The contracts have a total value of about $230 million.
The drilling equipment and systems will be installed on the two vessels, which are being constructed at DSME's yard in South Korea. Each delivery has a contract value of about $115 million, and includes options for additional equipment and services.
""We are very pleased to supply another pair of Aker Solutions' drilling equipment packages to DSME and its clients,"" says Thor Arne Håverstad, executive vice president of Aker Solutions' drilling technologies business.
The drillship deliveries are scheduled for Q4 2013. The majority of the equipment will be delivered in 2012. Aker Solutions will handle all major aspects of the delivery, from engineering and procurement to installation and commissioning.
Aker Solutions wins drilling equipment contracts
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Aker Construction, Inc., a subsidiary of Aker Solutions, has been awarded a contract for the installation of the new V & M seamless pipe mill in Youngstown, Ohio, US. The contract for supply of materials and installation of the mechanical, electrical and piping for the project commences immediately. Contract value is undisclosed.
""Aker Solutions has exceptional construction experience in the steel industry in North America and we are very pleased with the award of this latest project,"" said Steve Harker, who heads up Aker Solutions' union construction business in the US .
The project is located adjacent to V & M Star LP's operations in Youngstown, Ohio. V & M officially broke ground on the new mill in late July, and plans for the new mill to be operational in 2012. Aker Solutions is currently executing the supply and erection of the pipe mill building necessary to contain the equipment and operations under a separate contract.
V & M Star belongs to Vallourec, a world leader in premium tubular products mainly dedicated to oil and gas applications. Its operations are based at three sites: Houston, Texas; Muskogee, Oklahoma and the Youngstown facility.
Aker Solutions' contract party is Aker Construction, Inc., which will constitute part of Kvaerner.
Aker Solutions wins construction contract for pipe mill in US
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Aker Solutions has signed a contract with Endeavour Energy UK, a subsidiary of Endeavour International Corporation, to supply subsea umbilicals and associated equipment for the East Rochelle development project located offshore UK. The contract value is approximately NOK 83 million (USD 15 million).
Aker Solutions will supply one 30 kilometre infield control umbilical and one 650 metre riser umbilical that will provide all system functions for the Rochelle field. Subsea umbilicals are deployed on the seabed to supply necessary control and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control. The East Rochelle development project comprises of block 15/27 in the Central North Sea, and represents the first phase of the development of the Rochelle area. Endeavour is the operator of East Rochelle.
""We are very pleased to sign our first contract with Endeavour Energy UK. This is an important award for Aker Solutions and confirms our strong position in the umbilical market globally"", says Tove Røskaft, senior vice president of Aker Solutions' umbilical business.
Engineering of the umbilicals will be managed out of Aker Solutions' facility in Oslo, Norway, and the umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will be made in 2012.
Aker Solutions awarded umbilical contract by Endeavour Energy UK
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Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed.
The scope of work includes the delivery of deepwater oil production equipment such as subsea trees, control modules distribution system and manifolds that will be installed at a water depth of 1350 meters.
The project will be delivered out of Aker Solutions high-tech subsea manufacturing centre in Port Klang, Malaysia. This is the only facility in the world where a complete subsea production system can be manufactured in one location.
The subsea hardware is expected to be on production in 2013. Aker Solutions was responsible for the delivery of the original Kikeh scope back in 2005. It was the first deepwater development in Malaysia and the Asia Pacific region.
Dave Hutchinson, president, subsea Asia Pacific at Aker Solutions says: ""We are extremely pleased to have Murphy as our returning customer. We will deliver a quality project fully utilizing our experience in the region.""
The contract party is Aker Process Systems Asia Pacific Sdn. Bhd. The contract has been signed and booked as order intake in Q2 2011.
Aker Solutions wins subsea contract in Malaysia
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Aker Solutions has received a Letter of Award from Daewoo Shipbuilding & Marine Engineering (DSME), to supply two drilling equipment packages to the new 'Cat D' drilling rigs the yard is building for the rig operator Songa Offshore. Options (if exercised) for two additional units are included. Contract value is undisclosed.
The development of the two Cat D semi-submersible drilling rigs has been initiated by Statoil, the international energy company, which awarded two long-term contracts for the units to Songa in July 2011.
The first two units will be delivered in 2014, and the main deliveries from Aker Solutions will take place in 2012 and 2013. The contract includes topside drilling equipment, procurement and commissioning of the rigs at the DSME yard. The two optional units (if exercised) are scheduled for completion in 2015.
""We are very pleased to win these contracts, which demonstrate the good cooperation between Statoil and the drilling operators and drilling system providers. Together, we have developed a new generation drilling and well intervention design, purpose made for the needs for North Sea operations, through a joint FEED (front end engineering and design) phase. We are also looking forward to continuing the good, long-term collaboration with DSME on this project, the latest addition to a long string of successful joint projects,"" says Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.
Work on the project will start immediately in Kristiansand, Norway, and in other Aker Solutions drilling technologies units in Asker, Norway, Erkelenz, Germany and Houston in the US.
Aker Solutions offers complete drilling equipment packages, including project management, engineering, procurement and commissioning. We provide the full range of topside drilling equipment and systems, and worldwide customer support through our global drilling lifecycle services organisation.
Aker Solutions wins drilling equipment contract
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Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million.
The scope of work includes one template-manifold structure, one riser base, three subsea trees, three wellhead systems, control system, a tie-in system, 38 kilometres of umbilicals, HP riser and rental tooling. The contract contains several options for additional equipment, including other field developments.
The Brynhild field is located north-west of the Ula field and 38 kilometres east of the Pierce field. The water depth is approximately 80 meters. Brynhild will be developed as a fast track subsea tie-back to the Pierce FPSO.
""We are very pleased to be awarded this first subsea production system contract with Lundin. This contract allows us to utilise the total strength of our subsea offering and work closely with this important customer"", says Alan Brunnen, EVP Subsea within Aker Solutions.
Management, engineering and procurement of the subsea production system will be primarily performed at Aker Solutions' headquarters in Oslo, Norway. Fabrication of the subsea trees will be completed at Aker Solutions' manufacturing centre in Tranby, Norway and production of the template-manifolds will be carried out at the company's fabrication yard in Egersund, Norway. The umbilical will be manufactured in Moss, Norway and the control and wellhead systems will be delivered out of Aberdeen, UK. Installation and commissioning will be handled by Aker Solution's service base in Aagotnes, Norway. Final deliveries will be made in Q2 2013.
Aker Solutions wins Brynhild subsea contract
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Aker Solutions has been awarded a contract by Subsea 7 for the design and fabrication of a control umbilical for Statoil's Svalin C project on the Norwegian continental shelf. Contract value is undisclosed.
Scope of work includes a six kilometre long control umbilical, connectors, engineering and project management.
""We are very pleased to be awarded another contract on the Norwegian continental shelf and look forward to supporting Subsea 7 with this Statoil fast-track project,"" says Tove Røskaft, executive vice president of Aker Solutions' umbilical business.
Management, engineering and procurement of the umbilical will be performed at Aker Solutions' headquarters in Fornebu, Norway. Manufacturing will take place in Moss, Norway.
Svalin is a fast-track oil field project located in the middle part of the North Sea, about eight kilometres southwest of the Grane field and 185 kilometres west of Haugesund. The water depth is approximately 120 metres.
In December 2011, Statoil awarded Aker Solutions the contract for engineering, procurement and construction of the subsea production system for the Svalin project. The contract value was approximately NOK 400 million.
Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control. The Svalin umbilical will be delivered in Q2 2013.
Aker Solutions wins Svalin umbilical contract
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Kvaerner ASA has announced its intent to use Aker Solutions as a sub-contractor for its engineering, procurement and construction (EPC) contract for the topside for the Edvard Grieg platform (formerly Luno). The field is operated by the Swedish oil and gas exploration and production company Lundin.
Aker Solutions will deliver design engineering and procurement services from the company's offices in Oslo, Norway and Mumbai, India, with support from Kvaerner.
Fabrication and assembly of the 4 500 tonne process module will be conducted by Aker Solutions' yard in Egersund. Detail engineering will begin instantly, while fabrication is expected to commence in 2013.
When finalised, the sub-contracts to Kvaerner is expected to represent approximately NOK 1.5 billion in revenues for Aker Solutions.
""The combined strength of Kvaerner and Aker Solutions for a field development task like this on the Norwegian continental shelf is second to none. We will combine four decades of engineering, execution and fabrication experience to deliver this project,"" says Valborg Lundegaard, head of engineering in Aker Solutions.
Aker Solutions became involved in the Edvard Grieg field development more than one year ago, as a provider of front-end engineering design services to Lundin.
First production in 2015
The Edvard Grieg field is an oil field located in the North Sea. First production is expected in late 2015, with a forecast gross peak production of approximately 90,000 barrels of oil per day (bopd).
The oil will be processed and transported in a new pipeline to the Grane area and further via the Grane oil pipeline to the Sture terminal for sale. Lundin Norway AS is the operator and has a 50 per cent working interest in the Edvard Grieg field. Wintershall and RWE Dea hold a 30 per cent and a 20 per cent interest, respectively.
Aker Solutions to deliver engineering and fabrication services to Kvaerner's Edvard Grieg contract
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Aker Solutions is acquiring the mechanical workshop company Lyngdal Mek. Verksted (LMV), thereby increasing its capacity to assemble, test and overhaul drilling equipment especially for the North Sea market.
This is the second recent acquisition by Aker Solutions' drilling technologies business in its home region, following the takeover of Herman Hansen Mek. Verksted, another assembly and test workshop, in March 2012. The transaction values for the deals are undisclosed.
""The takeover of Lyngdal Mek. Verksted is the latest example of our strategic moves to boost our capacity to serve drilling customers in the North Sea market. The acquisition of LMV will help us take a larger share of the upcoming overhaul market, facilitated by our growing installed base,"" said Thor Arne Håverstad, head of Aker Solutions' drilling technologies business.
The market outlook for drilling systems and equipment related activities is positive, both with regards to overhaul of installed equipment and new-build orders. Additionally, rigs with Aker Solutions' equipment on delivered during the 2007-2008 boom are soon up for their first five year re-classification.
Increased capacity
The takeover of LMV is mainly expanding the Aker Solutions' overhaul and upgrade capacity, as the company's facilities in Kristiansand are expected to be fully utilised by new-build activities. The acquisition will also increase Aker Solutions' flexibility and ability to further expand its production competence and facilities in Brazil and Asia Pacific.
""We are pleased to become an integrated part of Aker Solutions,"" says Ingvald Ingebretsen, managing director and previous owner of LMV. ""Our employees will no doubt remain a significant asset to Aker Solutions' current staff of skilled workers, thanks to their extensive experience in overhauling Aker Solutions drilling equipment. Our workforce is stable, and could potentially grow even further.""
The acquisition of Herman Hansen secures Aker Solutions' drilling technologies capacity and delivery capability as well as local assembly and testing competence for critical mechanical equipment.
Aker Solutions buys Lyngdal Mek. Verksted and completes takeover of Herman Hansen Mek. Verksted
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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.
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 the Asia Pacific region with a brand new workshop for lifecycle services and refurbishment in Thailand. This centre of excellence will support Aker Solutions' surface wellheads and subsea tree businesses.
Dave Hutchinson, Aker Solutions' president of the Asia Pacific subsea business says: ""Aker Solutions has invested heavily to support the growth of the Asia Pacific region. This service base is a response to several new orders and recognition of the growing market demand. We are now even more capable of serving our clients.""
The new workshop replaces two other service bases in Thailand and consolidates Aker Solutions' lifecycle services in Thailand under one roof. The new facility, which has a total area of 3 225sqm, opened today.
Aker Solutions has a solid network of surface product service facilities in the Asia Pacific region. Apart from Thailand, it has service bases in Vung Tau in Vietnam, Jakarta and Duri in Indonesia, Perth in Australia, and Mumbai in India. The surface wellheads manufacturing facility is located in Batam, Indonesia, and its global sales office is based in Singapore.
Aker Solutions invests in Thailand
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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.
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 companies developed a state-of-the-art subsea facility in Stokke, one hour southwest of Oslo, designed for testing of subsea products, systems and tools in 2007, which is part of this acquisition.
The facility is equipped with test bunkers and large test pits with overhead crane capacity suitable to perform most required testing and refurbishment scenarios for subsea systems, tools and accessories. Aker Solutions' ambition is to double the current revenue of Subsea House and SSH Engineering and recruit 50-100 people over the next two years.
Knut Røsjorde, Aker Solutions' head of subsea in Norway and Africa, says: ""This acquisition is a response to the growing market demand both in Norway and internationally. By acquiring Subsea House and SSH Engineering, Aker Solutions will gain immediate access to skilled resources in a region where Aker Solutions has limited presence within the subsea industry segment. In addition, we will get access to additional assembly and test capacity.""
He adds: ""Aker Solutions' ability to serve its current and future clients will be improved and this development will facilitate market share growth within subsea production technologies, including subsea trees, work-over systems and related tooling.""
CEO of Subsea House and SSH Engineering Tor Ole Myhre, says: ""Aker Solutions' ability as a provider of complete subsea production systems is backed by an extensive portfolio of products and technologies. They have the ability to grow our business and offer great opportunities for current and future employees in Vestfold. We look forward to being part of the Aker Solutions family.""
As previously announced, Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business which comes in addition to the acquisition of Subsea House. This investment is set to double the capacity of its manufacturing plants in Tranby, Norway, and Port Klang, Malaysia. New service bases will also be established in Malaysia and Thailand.
The subsea segment of the oil and gas industry is growing rapidly and is expected to develop exponentially over the next few years. Of Aker Solutions' 25 000 employees almost 7 000 are employed within the subsea business.
The transaction of Subsea House and SSH Engineering is expected to be completed in the third quarter of 2012. The acquisition is subject to approval from the Norwegian Competition Authority.
Aker Solutions acquires subsea companies
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Aker Solutions and Statoil have been awarded the ONS Innovation Award for the Åsgard subsea gas compression system.
""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 Award, which was first presented in 1982, recognises the crucial importance of cutting-edge products and solutions. Today, the 2012 award was given to Aker Solutions and Statoil acknowledging subsea compression technology.
In 2015 the world's first subsea gas compression station will go on stream in the Åsgard field offshore Norway. This will boost falling gas pressures from the Midgard and Mikkel satellite reservoirs, allowing stable production to continue and enabling an additional 280 million barrels of oil equivalent to be recovered. The project is operated by Statoil and delivered by Aker Solutions.
Subsea compression improves gas recovery and provides many benefits compared to the alternative of installing a new platform. Further benefits include reduced investments and operating costs, a smaller environmental footprint and safer operations.
Reservoir pressure in producing gas fields falls over time, causing gas output to decline. For production to continue and maximise recovery from the fields, gas pressure must be raised or production will cease.
Until now the solution has been to install gas compressors on an existing platform, or to build a new manned compression platform. A more cost-effective alternative would be to install the compressors on the seabed, near to the wellheads to improve recovery, while reducing overall capital and operating costs.
For the past 30 years this has been a major goal for the industry, as it has sought to transform the concept into reality. The Åsgard subsea gas compression project will be the first in the world to attain this goal. Two state-of-the-art 11.5MW subsea compressors will be installed on the field in 2015, avoiding the need to install a new large semi-submersible platform.
Aker Solutions and Statoil awarded ONS Innovation Award
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Aker Solutions has signed a contract with ENI for the Block 15\06 West Hub development project in the Angolan deep water region. The contract value is approximately USD 50 million (NOK 300 million).
ENI has the operatorship of Block 15\06. The West Hub development project, which is part of 15\06, is located approximately 350 kilometres northwest of Luanda and 130 kilometres west of Soyo in Angola. The West Hub consists of the main field Sangos and two additional satellite fields called Cinguvu and Ngoma.
Aker Solutions' scope of work includes the engineering, procurement, fabrication, and supply of static and dynamic steel tube umbilicals, totalling 34 kilometres, in addition to associated equipment and hardware.
""This contract reflects our strong ambitions for West Africa and our capabilities in Angola where Aker Solutions has invested for several years. We look forward to executing this project together with the client ENI,"" says Tove Røskaft, head of Aker Solutions' umbilicals business.
The steel tube umbilicals will be manufactured and delivered out of Aker Solutions' facility in Moss, Norway supported by project management, design and engineering in Fornebu, Norway.
Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any subsea system requiring a remote control.
The delivery date is in the first quarter of 2014. The contract has been signed and booked as order intake in the third quarter of 2012.
Aker Solutions signs umbilicals contract with ENI
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Aker Solutions has signed a contract with Statoil for the supply of deepwater umbilicals to the Aasta Hansteen field on the Norwegian Continental Shelf. The contract value is approximately NOK 280 million.
Aker Solutions' scope of work includes the design, engineering and manufacturing of dynamic and static umbilicals, a riser base and ancillary equipment.
The steel tube umbilicals will be manufactured and delivered out of Aker Solutions' facility in Moss, Norway, supported by project management, design and engineering in Fornebu, Norway. The umbilical riser base will be manufactured at Aker Solutions' facility in Egersund.
""The Aasta Hansteen field represents an important milestone in harsh environment development on the Norwegian Continental Shelf. Aker Solutions is proud to be part of this major project and we look forward to safeguarding valuable infrastructure and securing production success,"" says Tove Røskaft, head of Aker Solutions' umbilicals business.
Aasta Hansteen is a deepwater project consisting of the three structures Luva, Haklang and Snefrid South at a water depth of 1300 metres. The structures are located 300 km west of Bodø and 140 km north of the nearest existing offshore infrastructure Norne.
The planned field development for Aasta Hansteen includes a SPAR platform, which will be the first such installation on the Norwegian Continental Shelf.
SPAR is a floating installation consisting of a vertical column moored to the seabed. The installation features conventional topsides with processing facilities.
Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any system requiring remote control.
Aker Solutions awarded Aasta Hansteen umbilical contract
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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 wellheads, controls, workover and tie-in systems. The contract also contains options related to Aasta Hansteen which Statoil may exercise.
""Aker Solutions is dedicated to supporting Statoil in optimising their assets and maximising production rates and gas recovery at Aasta Hansteen. We are very honoured to be involved in this major deepwater project,"" says Alan Brunnen, head of Aker Solutions' subsea business.
Management, engineering and procurement will primarily be performed at Aker Solutions' headquarters in Fornebu, Norway. Fabrication of the subsea trees and workover systems will be completed at the Tranby manufacturing centre, outside Oslo. The production of the template-manifolds will be carried out at Aker Solutions' facilities in Egersund on the west coast and Sandnessjøen in the northern part of Norway. The facility in Aberdeen in the UK will deliver the control systems and the wellheads.
Aker Solutions is investing heavily in the northern part of Norway and in October 2012, the company announced the acquisition of a fabrication facility in Sandnessjøen. The facility will provide several fabrication services for Aker Solutions and will be deeply involved in the Aasta Hansteen project. The fabrication of the template-manifolds in Sandnessjøen will also create regional spin-off effects.
Aasta Hansteen is located 300 km west of Bodø and 140 km north of the nearest existing offshore infrastructure Norne, in the northern part of Norway. It is a deepwater project consisting of the three structures Luva, Haklang and Snefrid South at a water depth of 1300 metres.
Aasta Hansteen is the deepest subsea development in the Norwegian waters to date and will provide a new deepwater standard for such production systems including new technology developments.
The first deliveries of the Aasta Hansteen subsea production system will be made in the first half of 2015.
Aker Solutions signs Aasta Hansteen SPS contract with Statoil
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Aker Solutions, the international oil services provider, has received a Letter of Award from Total for the delivery of a subsea production system for the Moho Nord project in the Republic of the Congo. The contract value is approximately NOK 4.9 billion (USD 850 million).
The Moho Nord project, located approximately 75 km off the coast of the Republic of the Congo, consists of the two developments Moho Nord and Moho Bilondo 1bis. Aker Solutions and Total will run both developments as one integrated project.
Scope of work within the contract includes the delivery of 28 vertical subsea trees including wellhead systems, 2 installation and workover control systems, 7 manifold structures, subsea control and tie-in systems. The contract also contains options related to Moho Nord which Total may exercise.
""This is a major contract award for Aker Solutions. We are investing and growing internationally and Aker Solutions is committed to developing the oil and gas industry in the Republic of the Congo through knowledge sharing and local content,"" says Alan Brunnen, head of Aker Solutions' subsea business area.
The project will utilise Aker Solutions' new vertical tree technology. The workover technology has been developed as part of the Skandi Aker/Tulip project for Total.
Management, engineering and procurement will primarily be performed at Aker Solutions' headquarters in Fornebu, Norway. The subsea trees and the workover systems will be manufactured at the Tranby manufacturing centre, outside Oslo. The production of the manifolds will be carried out at Aker Solutions' facility in Egersund on the west coast of Norway, while the facility in Aberdeen in the UK will deliver the control systems and the wellheads.
Moho Nord and Moho Bilondo 1bis are part of the Moho-Bilondo oil field which was commissioned in April 2008 for commercial production. It is the first deepwater offshore field of the Republic of the Congo at water depths ranging between 600 to 1050 metres.
Aker Solutions will also establish a service base together with Total in Pointe Noire which is the second largest city in the Republic of the Congo. Aker Solutions and Total expect that 40 people will be employed at the base.
The first deliveries of the Moho subsea production system will be made in the second quarter of 2014.
Aker Solutions awarded Moho contract
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Aker Solutions has been awarded a contract from Technip to deliver umbilicals for the Girassol Resources Initiative (GirRI) phase 2 development off the coast of Angola. Contract value is undisclosed.
Aker Solutions will deliver two dynamic power and control steel tube umbilicals, one dynamic power cable and ancillary equipment.
GirRI is located in Angola's Block 17, 210 kilometres west of Luanda. The development is 1,300 metres under sea level.
""Our advanced umbilical design provides both reliability and durability and we look forward to executing this project in close collaboration with Technip,"" says Tom Munkejord, head of Aker Solutions' umbilical business area.
The umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway, with project management, design and engineering support from the company's office at Fornebu, Norway.
Subsea umbilicals are deployed on the seabed to supply necessary controls and chemicals to subsea oil and gas wells, subsea manifolds and any subsea systems requiring remote control.
The contract has been booked as order intake in the first quarter of 2013.
Aker Solutions wins umbilical contract in West Africa
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