Aker Solutions broadens Aberdeen subsea capability

Aker Solutions has opened its upgraded Aberdeen services facility, which will allow the site to extend its subsea offering to include subsea trees and tooling equipment.

Offshore staff

ABERDEEN, UKAker Solutions has opened its upgraded Aberdeen services facility, which will allow the site to extend its subsea offering to include subsea trees and tooling equipment.

The £8-million ($11-million) program involved installation of new equipment, and implementation of ‘lean processing and methodologies’ to improve efficiency at the site at Dyce, north of Aberdeen.

The site will continue to service subsea controls modules for Aker Solutions’ customers globally.

Today the company’s head office in Fornebu, Norway issued its first-quarter results.

CEO Luis Araujo said: “We are seeing increasing signs of a market rebound as lower break-even costs and higher oil prices spur project sanctions, particularly in Norway.

“Our consistently strong execution and solid cost-efficiency improvements are supporting margins amid tough international competition.”

Orders totaled NOK8.6 billion ($1.078 billion) in the quarter, mostly for projects in Norway, including a contract to deliver modules for theJohan Castberg FPSO in the Barents Sea, and subsea production systems for the Troll Phase 3, Askeladd, and Nova field projects in the North Sea.

“We are seeing record demand for our early-phase capabilities - from feasibility and concept studies to front-end engineering and design,” Araujo said.

“Not only is this an indication of a pickup in activity ahead, it also puts us in a strong position to secure more work at a project.”

Two of Aker Solutions’ concept studies led to front-end engineering design (FEED) work and seven FEEDs led to full project work during the quarter.

The company is presently bidding for contracts with a total value of around NOK50 billion ($6.3 billion). Roughly two-thirds are subsea, with key projects set to go forward later this year offshore Norway, Brazil, and in the Asia/Pacific region.

04/27/2018

More in Field Development