Total signs Aker for deepwater subsea production system offshore West Africa

Total (NYSE:TOT; Paris:FP FP) has signed an $850-million letter of award with Aker Solutions (OSLO:AKSO) for the subsea production system offshore Republic of the Congo at the Moho Nord project.

Offshore staff

OSLO, Norway – Total (NYSE:TOT; Paris:FP FP) has signed an $850-million letter of award with Aker Solutions (OSLO:AKSO) for the subsea production system offshore Republic of the Congo at the Moho Nord project.

Scope of work includes the delivery of 28 vertical subsea trees including wellhead systems, two installation and workover control systems, seven manifold structures, subsea control and tie-in systems. The contract also contains options related to Moho Nord which Total may exercise. The project will apply Aker Solutions’ new vertical tree technology.

Aker Solutions and Total also will establish a service base in Pointe Noire,Republic of the Congo. Management, engineering, and procurement will be from Aker Solutions’ headquarters in Fornebu, Norway. The subsea trees and the workover systems will be manufactured at the Tranby manufacturing center, outside Oslo. The production of the manifolds will be at Aker Solutions’ facility in Egersund on the west coast of Norway, while the facility in Aberdeen in the UK will deliver the control systems and the wellheads.

The first deliveries of the Moho subsea production system will be made in the 2Q 2014.

Moho Nord and Moho Bilondo 1bis are part of theMoho-Bilondo oil field which was commissioned in April 2008 for commercial production. It is the first deepwater offshore field of the Republic of the Congo at water depths ranging between 600 to 1,050 m (1,968 to 3,444 ft).

3/25/2013

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