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Norwegian SPS to boost Statoil deepwater project

04th February 2013

Aker Solutions to deliver USD 366m subsea production system to Statoil for development of Aasta Hansteen field on Norwegian Continental Shelf

Norwegian SPS to boost Statoil deepwater project
Delivery of the subsea production system is slated to commence in the first half of 2015

Norwegian based oilfield equipment provider Aker Solutions will supply oil major Statoil with a subsea production system for the Aasta Hansteen field development project on the Norwegian Continental Shelf, it emerged on Friday. The contract is valued at USD 366m and aims to enhance oil and gas production at the field.

Aker Solutions’ subsea production system includes three template-manifold structures, 7 subsea trees, in addition to wellheads, controls, workover and tie-in systems – all of which will be manufacturer either in Norway or in the UK. The contract also contains options related to Aasta Hansteen which Statoil may exercise. Delivery of the subsea production system is slated to commence in the first half of 2015.

"Aker Solutions is dedicated to supporting Statoil in optimising their assets and maximising production rates and gas recovery at Aasta Hansteen. We are very honoured to be involved in this major deepwater project," says Alan Brunnen, head of Aker Solutions' subsea business.

The move follows another contract last week between the two companies for the supply of deepwater umbilicals at Aasta Hansteen, a deal valued at USD 51m.

Aasta Hansteen is located in the northern part of Norway. It is a deepwater project consisting of the three structures Luva, Haklang and Snefrid South at a water depth of 1300 metres. The field contains three significant gas discoveries in the Vøring Basin, with expected recoverable net volume estimated at 40 – 60 million barrels of oil equivalent (boe) of gas and 0.8 – 1.0 million boe of condensate.

Aasta Hansteen is the deepest subsea development in the Norwegian waters to date and will provide a new deepwater standard for such production systems including new technology developments, according to Aker Solutions.