Aker Solutions Snags Drilling Upgrade Contract on Oseberg B Platform

StatoilHydro has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for upgrading the drilling facilities on the Oseberg B platform. The project is expected to extend the productive lifetime of Oseberg B. Contract value is estimated to be approximately NOK 1 300 million.

The project will drive considerable health, safety and environmental (HSE) improvements as well as improvements to the work environment on the platform. The upgrading will also secure future production revenues from the Oseberg field.

"The new drilling plant enbles us to continue our drilling activity with improved HSE standards for many years to come," said Morten Mikkelsen, acting head of production on the Oseberg field.

"This is a very important initiative which allows the successful improved oil recovery efforts to continue on the Oseberg field," he added.

"This is the first significant drilling upgrade project in the North Sea. We are very pleased to demonstrate that we are well positioned for this emerging market. This project falls solidly within our core competence and will benefit from our in-house technologies in drilling, engineering, equipment and offshore integration," said Jarle Tautra, executive vice president, Aker Solutions.

The contract covers upgrades of all drilling systems for wells of up to 9,000 meters, delivering increased drilling regularity. Scope of work includes prefabrication and offshore installation of equipment and prefabricated items, and offshore completion and commissioning.

In Norway the project will utilize Aker Solutions' drilling equipment business unit in Kristiansand together with the company's center of maintenance and modification expertise based in Bergen. Prefabrication will take place in Egersund. Work under the contract will start immediately and be completed in April 2013.

The contract party is Aker Solutions' subsidiary Aker Offshore Partner AS.