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Aker Solutions ASA (OSL:AKVER) 19 September 2008 - Aker Solutions has been awarded an EPC contract by StatoilHydro for delivery of a subsea template and wellheads to phase one of the Lavrans development, as well as a study for phase two of the project. Value of the initial EPC contract is approximately NOK 50 million.
Scope of work includes design, manufacturing and delivery of a four-slot subsea template and subsea wellheads. The four-slot subsea template will be manufactured at Aker Solutions' facility in Egersund, Norway, while the wellheads will come from Aberdeen, UK. Deliveries are scheduled for Q2 2009.
Aker Solutions has also been awarded a feasibility study by StatoilHydro, to develop a technical and commercial basis for a full Lavrans subsea system development. The scope of work includes the relevant areas such as well systems, subsea control system, manifold and umbilicals.
"The Lavrans subsea field is an interesting high temperature gas and condensate discovery that may be developed in several phases. We are pleased to be onboard from the beginning and we look forward to working with StatoilHydro on this project," says Egil Boyum, senior vice president for Subsea Systems, Aker Solutions.
The Lavrans reservoir is located in the Haltenbanken area of the Norwegian Sea, approximately 16 kilometres south of the Kristin platform.
Contract party is Aker Solutions subsidiary Aker Subsea AS.
ENDS
For further information, please contact: Media: Endre Johansen, communications manager, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, E-mail: endre.johansen@akersolutions.com
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 24 000 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.
