FORNEBU, Norway –Aker Solutions will provide engineering, procurement, and management assistance services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea. A key focus of the project team is to identify ways to reduce costs and improve the overall efficiency of the development.
The EPMA work, valued at NOK 4.5 billion ($596 million), is part of a 10-year framework accord announced in December 2013 and comes after Statoil decided to exercise an option. The assignment will last through 2019 and covers work in thedevelopment’s first phase.
Statoil is operator for the development, which spans three licenses. Other partners include Lundin Norway, Petoro, Maersk Oil, and Det norske oljeselskap.