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Control Umbilicals Contract Awarded by Statoil

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(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

Aker Solutions
333 E.Wetmore Rd
Tucson, AZ, 85705
USA



Press release date: March 23, 2011

Aker Solutions has signed a contract with Statoil to supply control umbilicals to the Norne field located in the Northern part of the North Sea. The contract value is approximately NOK 200 million.

The scope of work for the Fossekall-Dompap project includes a control umbilical system with a total of 26 kilometres of dynamic and static sections. The control umbilicals provide hydraulic, electrical and fibre optic functions for three planned four-slot templates and have a 2.5 inch MEG line (mono ethylene glycol) for hydrate prevention and inhibition during shutdowns.

The Norne field is located 200 kilometres west from Sandessjøen in a water depth of 380 metres and occupies blocks 6608/10 and 6608/11. The field has been developed with a production and storage off-loading ship tied to subsea templates.

"This contract signifies our leading position in the control umbilicals market. We are delighted to be awarded this fast track project from Statoil in the North Sea" says Tove Røskaft, senior vice president of Aker Solutions' umbilical business.

Engineering of the control umbilicals will be managed out of Aker Solutions' facility in Oslo, Norway and control umbilicals will be manufactured at Aker Solutions' facility in Moss, Norway. Final deliveries will be made in Q2 2012.

Aker Solutions holds a market share of more than 50% within steel tube umbilicals. This position has been backed by a strong focus on health, safety and the environment (HSE) which has been exemplified through reaching an important milestone of five years without a lost time injury (LTI) at both production sites in Moss, Norway, and in Mobile, Alabama.

Aker Solutions' contract party is Aker Subsea AS.

For further information, please contact:

Media:
Severin Roald, VP communications, Aker Solutions, +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 46 billion and employs approximately 20 000 people in about 26 countries.
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