Aker Solutions Wins Subsea EPC Contract from E&P Norge

17 June 2009

Aker Solutions has been awarded an EPC contract by DONG E&P Norge to deliver a complete sub sea production system to the North Sea field development. Contract value is approximately NOK 350 million.

Scope of work includes engineering, procurement and construction of a 4 slot template with manifold, 3 sub sea trees, control systems, sub sea wellheads and 28 kilometers of steel tube umbilicals.

A similar EPC contract, for the Trym field, was signed between Aker Solutions and DONG E&P Norge in March his year. The Oselvar job is a contract option to the Trym agreement. The Oselvar contract is subject to Norwegian government approval of the plan for development and operation.

Mr Mads Andersen EVP of Aker Solutions said that "We are pleased to once again being chosen as DONG E&P Norge's provider of a complete sub sea production system. We will utilize our extensive North Sea experience, and our local manufacturing network, to deliver a successful project."

The project will be managed out of Aker Solutions' headquarters in Oslo. The sub sea equipment will primarily be manufactured at Aker Solutions' Norwegian facilities at Tranby, Moss and Egersund. Final equipment deliveries will be made in Q1 2011.