Aker Wins Floater Study Contract from Statoil

Aker Solutions reported Wednesday that it has won a contract from Statoil to conduct an extended concept study for the floater for the Johan Castberg oilfield development in the Barents Sea.

The $42.5-million contract includes options for further work, Aker said.

Aker Solutions previously conducted concept studies for the Johan Castberg field, which is estimated to hold between 400 million and 600 million barrels of oil. The field is located around 150 miles northwest of Hammerfest.

"This is an exciting opportunity to take part in the development of a major new oil field in northern Norway," Per Harald Kongelf, regional president for Norway at Aker Solutions, commented in a company statement.

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