Aker Secures Statoil Svalin Subsea Contract

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Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf. The contract value is approximately $66.5 million (NOK 400 million).
 
Scope of work includes two subsea trees, one four-slot integrated template structure with process distribution manifold, subsea and topside production control systems, wellhead systems and remote connection systems.
 
"We are very proud to be awarded this subsea production system project from Statoil and pleased to be further involved in the development of delivering standardised subsea solutions for fast-track developments," says Alan Brunnen, 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 and manufacturing will take place in Tranby and Egersund in Norway and Aberdeen in the UK.
 
Final deliveries will be made in 3Q 2013.
 
Svalin is a fast-track oil field project located in the middle part of the North Sea, about 5 miles (8 kilometers) southwest of the Grane field and approximately 115 miles (185 kilometers) west of Haugesund, in a water depth of approximately 393 feet (120 meters).
 
Aker Solutions' contract party is Aker Subsea AS.
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