June 29, 2022

Aker Solutions to provide an underwater production system



May 25, 2022

Credit: Aker Solutions

Norwegian offshore energy engineering and construction company Aker Solutions announced on Wednesday that it had been awarded a major contract by Equinor to deliver the subsea production system for the Halten East development, offshore the Norway.

Aker Solutions defines a large contract as between NOK 0.5 billion (approximately $52 million) and NOK 1.5 billion ($156.1 million).

News of the contract came as Equinor and its partners announced on Wednesday that they would spend around NOK 9 billion (about $937.5 million) to develop the area near the Åsgard field in the Norwegian Sea.

The development concept is a subsea connection to the Åsgard B platform, using existing facilities and infrastructure. The six discoveries under development 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, wellhead and tie-in equipment. . Work will begin immediately with final deliveries scheduled for the third quarter of 2024.

Additionally, Aker Solutions has received a separate letter of intent to deliver approximately 90 kilometers of static subsea umbilicals for the Halten East development. The company expects to record order intake between NOK 300 million ($31.2 million) and NOK 400 million ($41.6 million) related to the umbilicals contract.

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