Subsea Workover System Award to Aker Solutions
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Press release date: February 11, 2011
Aker Solutions has been awarded a letter of intent (LOI) from Statoil for the engineering, procurement and construction of a subsea workover system for the Vigdis North East development on the Norwegian Continental Shelf. Aker Solutions estimates that the contract value will be approximately NOK 500 million.
The scope of work includes a complete suite of components for open water workover operations. The Vigdis North East workover system will perform normal start up operations for field development.
Workover equipment is used on every subsea well, for installing equipment and preparing the well for production. During field life, workover equipment is used during the maintenance of subsea wells to improve oil recovery.
"We are very pleased to be awarded this LOI from Statoil for a new standardised workover system. This award will propel Aker Solutions into pioneering workover operations not only on our own equipment, but also towards third parties. Our equipment enables higher efficiency and lower costs, resulting in more wells being drilled and completed," says Mads Andersen, executive vice president of Aker Solutions' subsea business area.
The Vigdis North East workover system project will be managed at Aker Solutions' Tranby Technology and Manufacturing Center in Norway. The manufacturing of the well control package and riser elements will be completed in Tranby and the control systems out of Aberdeen. Final deliveries will be made in June 2012.
Vigdis North East is a fast-track oil and gas development located in water depths of approximately 280 meters in the Norwegian sector of the North Sea.
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: email@example.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. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 50 billion and employs approximately 20 000 people in about 26 countries.