Aker Solutions Awarded Alvheim Subsea Contract

Aker Solutions has been awarded a contract to deliver additional subsea well sets for phase two of the Marathon Oil Corporation led Alvheim development on the Norwegian continental shelf. The contract is worth approximately GBP 18 million.

Scope of work is manufacturing and delivery of five subsea trees, subsea control systems and overtrawlable protection structures. The contract is part of the frame agreement, covering the North Sea and Europe, between Marathon Petroleum Company a wholly owned subsidiary of Marathon Oil Corporation, and Aker Solutions.

Subsea trees will be manufactured at Aker Solutions' facility at Tranby, Norway. Control modules will be manufactured in Aberdeen, UK. The project is scheduled for completion in Q4 2009.