Aker Wins $2.4B Subsea Contract Offshore Angola

Norwegian oilfield services firm Aker Solutions announced Tuesday that it has won a $2.4-billion contract from Total SA to provide a subsea production system for the Kaombo Block 32 development offshore Angola.

Kaombo is one of the world's largest subsea developments. It is located some 90 miles off the coast of Angola.

The contract will see Aker deliver 20 subsea manifolds and 65 vertical subsea wellsets. The order also includes associated controls as well as work-over and tie-in systems.

The first deliveries are scheduled to start in the second quarter of 2015.

Aker Executive Chairman Øyvind Eriksen said in a company statement:

"This is a landmark contract and further strengthens an important relationship with a key partner.It's a significant commercial achievement for our subsea business as well as an important strategic development in our expansion in Angola and the broader region."

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