2 May 2012 - Aker Solutions has been awarded a contract by Murphy Sabah Oil for the delivery of a subsea production system for the Siakap North - Petai deepwater development. Contract value is undisclosed.
The scope of work includes 13 subsea trees, eight manifolds, well jumpers, engineering for topside controls and lifecycle support services. The first hardware delivery is scheduled for Q1 2013.
Dave Hutchinson, president of Aker Solutions' subsea business in the Asia Pacific region says: "We have been working closely with Murphy for many years and are very pleased to be their selected subsea partner for this important contract. Malaysia's oil and gas industry is a key market for Aker Solutions, and we are well positioned in the Asia Pacific region with a strong manufacturing capacity and dedicated workforce. We look forward to working on the Siakap North - Petai development together with Murphy."
In 2005, Aker Solutions was awarded a contract for Murphy's Kikeh deepwater development, which came on stream in 2007. Aker Solutions was also awarded the Kikeh subsea extension project in 2011.
The contract will be delivered out of Aker Solutions' high-tech subsea manufacturing centre in Port Klang, Malaysia. Siakap North - Petai is located offshore Sabah, Malaysia, in a water depth of 1400 metres. The subsea production system will be tied back to Murphy's Kikeh floating production storage and offloading vessel.
Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business. This investment is set to double the capacity of its manufacturing plants in Tranby, Norway, and Port Klang, Malaysia. In addition, a new service base will also be established in Malaysia.
ENDS
For further information, please contact:
Media:
Severin Roald, Vice President Communications, Aker Solutions. Tel: +47 22 94 55 23, Mob: +47 92 03 00 33, E-mail: severin.roald@akersolutions.com (mailto:severin.roald@akersolutions.com)
Investor relations:
Astrid Thommesen Sæboe, Vice President Investor Relations, Aker Solutions. Tel: +47 22 94 63 37, Mob: +47 48 17 00 35, E-mail: astrid.thommesen.saebo@akersolutions.com (mailto:astrid.thommesen.saebo@akersolutions.com)
Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers (http://www.akersolutions.com/suppliers)
Career opportunities:
Visit http://www.akersolutions.com/careers (http://www.akersolutions.com/careers)
Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 23 500 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com. (http://www.akersolutions.com.)
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
