Aker Wins Subsea Manifold Deal with Petrobras

Norwegian oilfield services firm Aker Solutions reported Thursday that it has won a $300 million-plus contract from Petrobras to supply eight manifolds that alternately inject water and gas to increase oil recovery from deep-water fields offshore Brazil.

The subsea manifolds, designed for water depths of more than 8,200 feet, will be installed by Petrobras and its partners in deep-water pre-salt field developments. Having a design life of 30 years, the first will be delivered in 2016.

The order will be executed by Aker's Brazilian subsea division, with about 70 percent of the contract being procured and manufactured in Brazil.

Aker Executive Chairman Øyvind Eriksen commented in a company statement:

"We are pleased to work with Petrobras on its important and technically challenging pre-salt developments. Brazil is a key market for our subsea technology and one of the fastest-growing areas in the oil and gas industry."

Have a news tip? Share it with Rigzone!
Email news@rigzone.com


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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Electrical Technician
Location: Odessa, TX
Mud Logger - South Texas
Expertise: Military|Mud Logging
Location: Corpus Christi, TX
Dispatcher - Midland, Texas
Expertise: Dispatcher
Location: Midland, TX
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours