Aker Solutions awarded BP tie-back contract for Ula

BP Norge has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for a tie-back from Oselvar to the Ula platform. Aker Solutions estimates the contract value to be approximately NOK 450 million.

“This contract is of great importance to us. We see it as a confirmation of our consistent and predictable execution performance for one of our key clients. Aker Solutions has been a proud provider of maintenance and modification services for BP’s Norwegian platforms since 1999. When we take on new and exiting projects for BP, we always strive to be their preferred partner”, says Stian Vemmestad, President of Maintenance, Modifications and Operations in Aker Solutions.

Scope of work includes engineering, procurement, fabrication of module and other minor components, installation offshore and commissioning assistance. The execution phase is based on a front end engineering design (FEED) study performed by Aker Solutions.

The object of the tie-back operation is to transport oil and gas 24 kilometers from the DONG operated Oselvar field to BP’s Ula platform for processing. The oil will be processed at the platform. The gas will either be reinjected or exported via pipeline to Gyda and Ekofisk facilities. The Ula platform is located in the southwest area of the North Sea, at approximately 70 metres water depth. The Ula field has recently been upgraded with water- and gas injection equipment, which allows it to take on production from several other fields in the area.

The EPCI contract is a call-off from the Modifications & Maintenance Support Contract with BP Norge AS. Work under the contract starts immediately and the project will be completed in November 2011.

The project will be managed out of Aker Solutions’ location in Stavanger. Fabrication and prefabrication will be executed by Aker Solutions’ yard in Egersund.

The contract party is Aker Solutions’ subsidiary Aker Offshore Partner AS.

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. 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 58 billion and employs approximately 22 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.


This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.