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Aker Solutions ASA 27. June 2008 - StatoilHydro has awarded Aker Solutions the contract to perform topside modifications for tie-in of the M-template to the Norne FPSO, the Norne M project. The contract is a EPCI contract worth approximately NOK 50 million, scheduled for project completion November 2009.
A new subsea template will be installed in the south sector of the Norne reservoir to increase production. The template will be connected both to the existing subsea infrastructure and to the Norne platform through a dedicated flowline and production riser. Aker Solutions is awarded the contract for execution of all topside modification work at the Norne to facilitate tie-in of the new production riser.
Design and procurement work will start immediately, and fabrication work is planned to start January 2009. Offshore installation activities will start early 2009 with project completion and start-up in November 2009. All project activities will be executed by the Aker Solutions regional office in Trondheim, Norway.
The Norne FPSO is one of the platforms included in the long term maintenance and modification contract with StatoilHydro in the Halten-Nordland area. Maintenance and modification services are one of the core competencies of Aker Solutions, and is a key strategic area for the company in the North Sea and internationally. Aker Solutions hold the maintenance and modification contract at the Halten-Nordland area with Aker Reinertsen, a joint company with Reinertsen Engineering in Trondheim, Norway.
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24 000 people in about 30 countries.
Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions. This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.
