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Aker wins Lavrans development subsea contract

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OSLO -- StatoilHydro has awarded Aker Solutions a $8.6 million contract for delivery of a subsea template and wellheads to phase one of the Lavrans development, as well as a study for phase two of the project.

Scope of work includes design, manufacturing, and delivery of a four-slot subsea template and subsea wellheads. The four-slot subsea template will be manufactured at Aker Solutions' facility in Egersund, Norway, while the wellheads will come from Aberdeen, UK. Deliveries are scheduled for 2Q 2009.

Aker Solutions has also been awarded a feasibility study by StatoilHydro, to develop a technical and commercial basis for a full Lavrans subsea system development. The scope of work includes the relevant areas such as well systems, subsea control system, manifold, and umbilicals.

The Lavrans reservoir is located in the Haltenbanken area of the Norwegian Sea, approximately 16 km (10 mi) south of the Kristin platform.

09/19/2008

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