Norway's Aker Solutions Wins Key Contract At Giant N. Sea Field


Norway's Aker Solutions has won a crucial contract to provide engineering services, procurement and management assistance for the giant Johan Sverdrup oilfield in the North Sea, the firm said on Friday.

The oilfield engineering company had previously said it was crucial to its fortunes to win the deal, which would involve working for up to 10 years on one of the biggest industrial schemes undertaken in the Nordic country.

The first contract awarded as part of the deal is worth 650 million crowns ($105.54 million) and involves the supply of FEED, or front-end engineering and design, for Johan Sverdrup.

"The Johan Sverdrup field is one of Norway's largest offshore oil discoveries and of huge importance to both our company and the country's oil and gas industry," Oeyvind Eriksen, executive chairman of Aker Solutions, said in a statement.

"The contract will define Aker Solutions for years to come."

Earlier, the partners in the oilfield, Statoil, Det Norske, Petoro, Lundin Petroleum and Maersk Oil said they were delaying by a year the development of the field, which could be the third-biggest oil find made off Norway.

The Nordic country is the world's eighth-largest crude exporter.

But the partners said they would still go ahead with awarding a FEED (Front End Engineering and Design) contract as "soon as possible" to ensure progress for the project.

($1 = 6.1585 Norwegian kroner)

(Reporting by Gwladys Fouche; editing by Andrew Roche)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Petroleum / Facilities Engineering Specialist - Offshore
Expertise: Petroleum Engineering
Location: Houston, TX
Petroleum Engineer
Expertise: Petroleum Engineering
Location: Houston, TX
Reservoir Engineering (Oil / Gas Reservoir Management)
Expertise: Reservoir Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $52.67/BBL 1.91%
Light Crude Oil : $51.6/BBL 2.60%
Natural Gas : $3.17/MMBtu 2.76%
Updated in last 24 hours