Aker Solutions wins Brynhild subsea contract
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million.
The scope of work includes one template-manifold structure, one riser base, three subsea trees, three wellhead systems, control system, a tie-in system, 38 kilometres of umbilicals, HP riser and rental tooling. The contract contains several options for additional equipment, including other field developments.
The Brynhild field is located north-west of the Ula field and 38 kilometres east of the Pierce field. The water depth is approximately 80 meters. Brynhild will be developed as a fast track subsea tie-back to the Pierce FPSO.
“We are very pleased to be awarded this first subsea production system contract with Lundin. This contract allows us to utilise the total strength of our subsea offering and work closely with this important customer”, says Alan Brunnen, EVP Subsea within Aker Solutions.
Management, engineering and procurement of the subsea production system will be primarily performed at Aker Solutions’ headquarters in Oslo, Norway. Fabrication of the subsea trees will be completed at Aker Solutions’ manufacturing centre in Tranby, Norway and production of the template-manifolds will be carried out at the company’s fabrication yard in Egersund, Norway. The umbilical will be manufactured in Moss, Norway and the control and wellhead systems will be delivered out of Aberdeen, UK. Installation and commissioning will be handled by Aker Solution’s service base in Aagotnes, Norway. Final deliveries will be made in Q2 2013.
The contract has been signed and booked as order intake in Q3 2011. The contract party is Aker Subsea AS.
Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global oil services company that provides engineering 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 35 billion and employs approximately 18 000 people in about 30 countries.
This press release may include forward-looking information or statements and is subject to our disclaimer, see http://www.akersolutions.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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