Aker Solutions to Fast-track Oyo Subsea Project for Eni

Aker Solutions has been awarded a contract worth approximately US $65 million for the delivery of a complete subsea production system to Eni's Oyo field development offshore Nigeria. The fast-track project, which will see first deliveries made as early as September 2008, is of strategic importance for Aker Solutions' developments in West Africa.

Scope of work for the contract is four subsea trees with wellheads and control systems, tie-in connection system, workover system and tools, dynamic and static steel tube umbilicals, and system engineering.

The contract is based on Aker Solutions' RapidSolution - a pre-configured well system that uses standardized, stocked core components, which offer significant reductions in lead times.

"Nigeria and West Africa has a large amount of deepwater subsea fields and will be a significant growth region going forward. It is important that we continue to develop our business in this important region," says Raymond Carlsen, executive vice president, Aker Solutions.

"We are pleased that Eni has seen the benefits of utilising our RapidSolution system. Not only are we reducing lead times significantly by using stocked hardware, but we are also minimizing project risks and costs by utilizing field proven pre-configured components. This allows us to offer a high degree of predictability with regards to execution, manufacturing and delivery. The end-beneficiary is the customer," adds Carlsen.

Subsea trees and controls will be manufactured out of Aker Solutions' subsea manufacturing centre in Malaysia. Umbilicals will be manufactured in Moss, Norway, and wellheads in Batam, Indonesia.

RapidSolution is a complete subsea well system based on Aker Solutions' standard configurable tree. The solution is built specifically for subsea developments with short lead time and tie-backs when developing resources close to existing offshore installations. The solution consists of a subsea tree, subsea control module and wellhead.

Contract party is Aker Solutions subsidiary Aker Kvaerner Malaysia Sdn Bhd.