Aker joins Schiehallion, Loyal redevelopment work in North Sea

Aker Solutions (OSLO:AKSO) has a NOK 650-million ($113-million) contract with BP (NYSE:BP) to help redevelop the Schiehallion and Loyal fields in the North Sea.

Offshore staff

LYSAKER, Norway –Aker Solutions (OSLO:AKSO) has a NOK 650-million ($113-million) contract with BP (NYSE:BP) to help redevelop the Schiehallion and Loyal fields in the North Sea.

Aker in Aberdeen, UK, will manufacture and supply the subsea controls for theQuad 204 project. The scope of work includes subsea controls equipment for subsea trees, manifolds, and subsea safety isolation valves as well as controls distribution assemblies.

Schiehallion and Loyal fields are estimated to contain a further 450 MMbbl of recoverable oil and a £3 billion ($4.485 billion) upgrade is under way. Due to the water depth in the area, Schiehallion is entirely reliant on subsea production to anFPSO.

3/13/2013

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