June 29, 2022

Aker Solutions Subsea Production System for Halten East Development

Aker Solutions won a Equinor contract for the delivery of the subsea production system for the Halten East development off the coast of Norway.

The development concept is a subsea connection to the Åsgard B platform using existing facilities and infrastructure. The discoveries consist of gas and condensate.

Aker Solutions will supply a complete subsea production system including seven standardized vertical subsea shafts, five twin-slot satellite structures with manifolds, a measurement station, as well as control systems, wellheads and tie-in equipment. .

Work will begin immediately, while final deliveries are scheduled for the third quarter of 2024.

Aker Solutions has also received a separate letter of intent to deliver approximately 90 kilometers of static subsea umbilicals for Halten East and expects to book an order intake between NOK 300 million (approximately $31.2 million ) and NOK 400 million (about $41.6 million) related to the contract.

“This contract once again demonstrates the value of our standardized product offering and the benefits of the portfolio approach in our execution. We look forward to supporting Equinor and its partners in creating value on this important connection project,” said Maria PeraltaExecutive Vice President and Head of Underwater Activities of Aker Solutions.

Halten East comprises six discoveries and three prospects with a combined volume of approximately 100 million barrels of oil equivalent, consisting of gas and condensate.

Equinor is the operator of the development and the other license partners are Vår Energi, Spirit Energy and Petoro.

The partners in the Halten East region have decided to invest approximately NOK 9 billion (approximately $937.7 million) in the development of the area adjacent to the Åsgard field in the Norwegian Sea.

The partnership has also submitted the development and operating plan to the Ministry of Petroleum and Energy.

The development of the project is subject to regulatory approval from the Norwegian authorities.

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