Statoil Enlists Aker for Johan Castberg FPSO Concept Study

Aker Solutions announced Tuesday that it has been enlisted by Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea.

The financial value of the agreement was not disclosed by either party, although Aker stated that this figure will be booked as part of the company's first quarter order intake. The Statoil-operated Johan Castberg field is located around 150 miles northwest of Hammerfest.

Per Harald Kongelf, head of Aker Solutions' Norwegian operations, commented in a company statement:

"We've worked with Statoil for two years on finding a cost-effective solution that will enable development of this strategically important oil field in northern Norway. The costs have been significantly reduced and we look forward to continuing to work with Statoil to optimize this development."



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