Aker Solutions was awarded with FEED contract at Johan Sverdrup development

Aker SolutionsThe offshore oil services company Aker Solutions was awarded with contract for front-end engineering and design (FEED) by Statoil for the second stage of Johan Sverdrup development in Norwegian shelf. According to the contract the oil-field supplier will build new processing platform, as well as bridge connecting it to the development’s riser platform. The work is schedule to be delivered during first-quarter of 2018 and the contract is valued at about 300 million NOK, being booked at the first-quarter order intake. The FEED contract will provide employment of 250 employees of the company in Oslo and Stavanger.

“We’ve worked closely with Statoil on significantly bringing down costs and increasing the overall efficiency of this major development”, said the CEO of Aker Solutions, Luis Araujo. “We’re very pleased to continue supporting our customer in driving forward this landmark industrial project”, added he.

The front-end engineering and design contract is part of the 10-year framework engineering agreement awarded to Aker Solutions for Johan Sverdrup in 2013. The contract includes options for continued maturing of the design as well as engineering, procurement and management assistance (EPMA) work.

Johan Sverdrup is estimated to hold 2-3 Bboe, expecting to produce up to 660,000 boed when fully developed in 2022, equal to about a quarter of current domestic output. The production is scheduled to start in late 2019 and is predicted to last for about 50 years. Statoil is operator for the development, which spans three licenses with partners Lundin Norway, Petoro, Maersk Oil and Aker BP.