Aker Solutions, Saipem to carry out Kashagan field hook-up

Agip KCO has awarded Aker Solutions and Saipem two contracts for hook-up work on the Kashagan field in the Caspian Sea.

Offshore staff

OSLO -- Agip KCO has awarded Aker Solutions and Saipem two contracts for hook-up work on the Kashagan field in the Caspian Sea.

One of the contracts includes the offshore hook-up, commissioning assistance, onshore pre-fabrication, all logistic support, and inshore hook-up work for Phase I development of the field. The other contract includes engineering and job carding for prefabrication and installation and vessels preparation. The contracts will be split in separate work packages -- Aker Solutions' work will be completed by the end of 2011 with further ongoing commissioning assistance in 2012.

The awarded hook-up contracts are the follow-ups of the letter of intent and preliminary agreements signed between Agip KCO, Aker Solutions, and Saipem in March 2007 for the early work activities for the hook-up.

The contract party from Aker Solutions is Aker Solutions Contracting for the field hook-up contract, and Aker Engineering and Technology for the engineering and job carding contract.

05/18/2009

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