Aker Solutions Scores Contract for Gudrun Modifications

Statoil entered into a framework agreement with Aker Solutions for studies and modifications of installations in the Sleipner area of the North Sea. Initially, the agreement covers modifications of the Sleipner A and Sleipner T platforms as part of the Gudrun field development. The contract value is estimated at NOK 900 million, and according to Statoil, the intention of the agreement is to ensure the best possible utilization of the Sleipner installations for tie-back of new fields in the area. Aker Solutions' framework agreement includes engineering, purchasing, fabrication and installation of equipment. Sleipner will process oil and gas from Gudrun as well as supplying power to the Gudrun platform. Gas will be processed on Sleipner A before transported to Sleipner T for carbon dioxide removal. The treated gas will be transported from Sleipner A to the gas markets. Gudrun, estimated to contain around 127 MMboe, is located in PL 025 in which Statoil serves as the operator, holding a 46.8%; Marathon holds a 28.2 %; and GDF holds the remaining 25%.

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