Aker Solutions awarded process systems contracts

Aker Solutions has been awarded four contracts for the delivery of process systems with a total value of about NOK 300 million ($60 million).

Offshore staff

OSLO, Norway -- Aker Solutions has been awarded four contracts for the delivery of process systems with a total value of about NOK 300 million ($60 million).

Two of the contracts have been signed with Mitsui Ocean Development & Engineering Co. Ltd. (MODEC) for delivery of process modules to an FPSO. It is an EPC contract of the Aker Solutions sulphate removal unit (SRU) and a mono ethylene glycol (MEG) reclamation unit. Deliveries are scheduled to first half of 2009.

Aker Solutions has also signed a contract with Woodside for delivery of the MEG reclamation system to Woodside's Pluto project, an offshore gas field in northwestern Australia with an onshore liquefied natural gas (LNG) plant. The key proprietary equipment will be delivered in late 2008 with a gas production start scheduled to begin in the first quarter of 2010.

In addition, Aker Solutions will deliver a crude oil dehydration system to OAO Globalstroy, a Russian construction company. Globalstroy is working under an EPC contract with crude producer Lukoil. This will be the third contract signed with Lukoil to date.

The work will be undertaken by the Aker Solutions subsidiary, Aker Process Systems.

04/21/2008

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