Aker Aces EPCI Contract for Shell's Draugen Oil Field

Shell has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for a produced water reinjection system on Draugen. The scope for Aker Solutions also includes prefabrication and commissioning assistance. Aker Solutions estimates the contract value to be approximately NOK 200 million (close to US $34.16 million).

Aker Solutions secured a frame agreement for maintenance and modifications for Shell on their Norwegian Portfolio in 2005. The produced water reinjection contract is a call-off from the existing modifications and maintenance support contract Aker Solutions has with Shell.

"This project is interesting for Aker Solutions both from a technological and environmental perspective. We are pleased to demonstrate that the scope of work falls well within our core competence. We are looking forward to take on this project and always strive to be a preferred partner for Shell in the North Sea," said Stian Vemmestad, President of Maintenance, Modifications and Operations in Aker Solutions.

The Draugen field is an oil field located in the Norwegian Sea, operated by Shell. The operational organization for the Draugen field is in Kristiansund and both Shell and Aker Solutions has built up a considerable regional capacity in this region.

Work under the contract starts immediately and will be completed in January 2012.

The contract parties are Aker Solutions' subsidiary Aker Offshore Partner AS and Royal Dutch Shell.