Norway: Aker Solutions Wins Asgard Modifications Work

Aker Solutions has secured a contract for subsea compression topside modifications of the Åsgard A and B platforms with Statoil. The contract value is approximately NOK 650 million.

The purpose of the modification is to supply electricity to the Åsgard subsea compressor units, which will be installed in 2013. In December 2010 Statoil awarded Aker Solutions the NOK 3.4 billion contract to develop the world’s first full scale subsea compression system.

Scope of work includes building and installing an 800 tonne new module and integration work on the Statoil-operated Åsgard A and B platforms in the North Sea. The work will be executed as an engineering, procurement, construction and installation contract (EPCI).

Design and procurement work will start immediately and fabrication work is planned to start October 2011, with a scheduled delivery in Q4 2014.

“This award further strengthens Aker Solutions’ partnership with Statoil in the development of groundbreaking subsea compression technology,” says executive vice president for Maintenance, Modifications and Operations in Aker Solutions, Tore Sjursen.

The project will be managed from Aker Solutions’ offices in Trondheim and executed as a joint effort between Trondheim and Egersund.

Contract parties are Aker Solutions subsidiary Aker Offshore Partner AS and Statoil ASA.

650 million Norwegian kroner = 117.0078 million U.S. dollars

Source:Aker Solutions , June 20, 2011; Image:Statoil

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