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Aker Solutions Wins 70m Subsea Contract with BP

Aker Solutions Wins 70m Subsea Contract with BP

14 March 2013

Aker contracted to design and build subsea equipment for BP's redevelopment of the Schiehallion and Loyal fields

Subsea oil and gas specialist Aker Solutions has won a £70 million contract with BP to help redevelop one of the largest fields in UK waters.

Aker will manufacture and supply all subsea controls equipment to the £3 billion Project Quad 204 project to redevelop the Schiehallion and Loyal fields 100 miles west of Shetland.

The Norwegian firm's Aberdeen operation is already one of the largest employers in the north east with around 2,700 staff.

Aker had previously announced plans to recruit another 500 staff by May of 2014.

The Schiehallion and Loyal fields have so far produced 400 million barrels of oil since production began in 1998 and are estimated to contain a further 450 million barrels of recoverable oil.

The Quad 204 project involves replacing the existing Schiehallion floating, production, storage and offloading (FPSO) vessel with a new FPSO which is scheduled to be installed in 2015.

The new vessel will have the capacity to process and export up to 130,000 barrels of oil a day, and store in excess of one million barrels.

Aker will manage the design and manufacture of equipment for the contract, which includes subsea controls equipment for subsea trees, manifolds and subsea safety isolation valves as well as controls distribution assemblies.

Alan Brunnen, head of Aker Solutions' subsea business, said: "West of Shetland is an exciting area for oil and gas and we are delighted to continue our successful relationship with BP by playing such a significant role in the continuing development of this project.

"Our subsea business continues to grow from strength to strength, enabling our clients to operate in deeper and harsher environments. Our subsea controls centre of excellence is based in Aberdeen, so it is fantastic to be able to service such a high profile project in its local market.

The Schiehallion and adjacent Loyal fields were discovered in 1993 in the deep waters of the Shetland Trough around 400 metres below the surface.

The fields have an estimated production life of 17 years and are expected to deliver peak output of around 140,000 barrels of oil a day.