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Wednesday, March 30, 2011

Aker Solutions Awarded LOI for Fossekall-Dompap Project Development

Aker Solutions Awarded LOI for Fossekall-Dompap Project Development

Wednesday, March 30, 2011
Aker Solutions

Aker Solutions has been awarded a letter of intent (LOI) by Statoil for the engineering, procurement and construction of a subsea production system for the Fossekall-Dompap project on the Norwegian continental shelf. Aker Solutions estimates the contract value to be approximately NOK 1 billion.

Scope of work includes three template-manifold structures, 11 subsea trees, a control system and a tie-in system. The contract also contains several options for other field developments on the Norwegian continental shelf which Statoil may exercise.

"We are honored to be so deeply involved in this innovative fast track project. Our goal is to deliver optimum standardized technologies in order to satisfy our customers' requirements. We look forward to working with Statoil on these new frontiers, which offers further growth potential opportunities," said Mads Andersen, executive vice president of Aker Solutions' subsea business area.

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 the Tranby manufacturing center, Norway, production of the template-manifolds will be carried out at the Egersund yard,Norway, and the control system from Aberdeen, UK. Final deliveries will be made in 2Q 2013.

Fossekall-Dompap is a fast track project located north of the Norne field, 200 kilometers west from Sandessjoen and occupies blocks 6608/10 and 6608/11 in a water depth of approximately 380 meters.

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