Shtokman Development AG has awarded a consortium comprising Aker Solutions, Technip France and SBM Offshore a contract for the Concept Definition and Front End Engineering Design (FEED) for the Floating Production Unit (FPU) for the Integrated Development of the Shtokman Gas & Condensate Field Phase I project. The contract value is euro 25 million (around $32 million).
The consortium will also tender for the full an Engineering, Procurement Supply Construction and Commissioning (EPSCC) contract in 2010.
The work will start immediately and be carried out over the next 12 months.
"We are very pleased to be part of the initial phases of the development of the world's largest offshore gas field. Equally important for us is the establishment of the partnership with Technip and SBM. We build on each others' expertise and capabilities and are able to take on more assignments than what we could do alone," said Simen Lieungh, President & CEO in Aker Solutions.
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