Aker wins record UK subsea order

Aker Solutions (Oslo Børs:AKSO) has won a contract from an unnamed UK North Sea operator for a subsea production spread.

Offshore staff

FORNEBU, Norway – Aker Solutions (Oslo Børs:AKSO) has won a contract from an unnamed UK North Sea operator for a subsea production spread.

The equipment, destined for an oilfield development, includes 25 subsea trees and six template manifolds, and associated controls, wellheads and tie-in equipment. The value to Aker could near $440 million, the company’s largest UK sector subsea order to date.

Aker adds that it will supply technologies new to the UK market, including manifolds and trees that allow use of hydraulically submersible pumps to improve oil recovery and flow assurance. Additionally, the company will provide diverless horizontal tie-in systems and slim line rigid lockdown wellheads.

The group’s head office in Fornebu will handle central management, engineering, and procurement. Its Tranby factory near Oslo will manufacture the subsea trees, with the Egesrund yard on Norway’s west coast responsible for production of the manifolds and system integration testing.

Aker Solutions’ subsea center in Aberdeen will manufacture the control systems and wellheads, and provide lifecycle-support services.

First equipment deliveries are due during 1Q 2014.

7/01/2013

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