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Aker wins trio of umbilicals contracts for Statoil projects

Aker Solutions won a contract to provide umbilicals for the Statoil-operated Johan Sverdrup, Utgard and Bauge developments offshore Norway.

The order entails delivery of more than 40 kilometers in total of subsea umbilicals. It will be booked in the fourth quarter.

“By combining the delivery for three separate projects into one order, we are able to boost efficiency and reduce costs for the customer,” said Luis Araujo, Aker Solutions’ chief executive officer. “We look forward to working with Statoil on these important oil and gas developments.”

Manufacturing will take place at Aker Solutions’ umbilicals plant in Moss, Norway.

About Aker Solutions

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.

They have 14,000 employees in about 20 countries around the world that embrace innovation and collaboration in a drive to create a sustainable future. We put safety and operational excellence first. We strive for honesty and integrity in all that we do.

We provide subsea production equipment and offshore field design, ranging from concept studies and front-end engineering to subsea production systems. We carry out maintenance and modifications work and provide services during operations as well as deliver solutions to extend the lifetime of oil and gas fields.

Aker Solutions helps unlock resources in the deepest waters and harshest climates imaginable around the world as we also work with producers to minimize the environmental impact. Wherever we are in world, we make sure to instill our high standards of safety and integrity in staff and suppliers.

Aker Solutions ASA is listed on the Oslo Stock Exchange as the parent company for a number of separate legal entities, most operating under the Aker Solutions name. The company generated 25.6 billion kroner in revenue in 2016.