Aker awarded Kashagan FEED contract

Aker Solutions, in a joint venture with CB&I and WorleyParsons, has received a $135 million front-end engineering and design (FEED) services contract for Phase II of the full-field development of the Kashagan oil field in the Caspian Sea.

Offshore staff

OSLO -- Aker Solutions, in a joint venture with CB&I and WorleyParsons, has received a $135 million front-end engineering and design (FEED) services contract for Phase II of the full-field development of the Kashagan oil field in the Caspian Sea.

The scope of work for Phase II includes the front-end engineering and design of both onshore and offshore facilities and pipelines. The contract also has options for early works, detail engineering, procurement services, technical assistance, and design/system integrity.

Additionally, the contract provides for optional FEEDs for other Kazakhstan oil fields (Aktote, Kairan, and Kalamkas).

Work on the project, initiated after tender under a letter of intent issued by Agip KCO, began on Nov. 3, 2008, and is expected to be completed in 1Q 2010. Additional options can extend the work up to an eight-year period.

Aker Solutions and WorleyParsons are engaged in the execution of Phase 1 of the Kashagan Project, performing detailed design, fabrication, and hook-up.

01/15/2009

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